Housing data for September shows prices rose 0.8 per cent, led by Adelaide, Brisbane and Perth, despite a gradual increase in properties for sale and higher interest rates.
abc.net.au/news/australia-house-prices-on-track-hit-record-high-corelogic-data-/102922090House prices are on track to hit a new record high, despite a gradual increase in properties for sale and the pressure of higher interest rates.Adelaide, Brisbane and Perth recorded the biggest highsCoreLogic housing data showed prices rose 0.8 per cent in September, led by Adelaide, Brisbane and Perth, where housing supply remains about 40 per cent below the five-year average.
"Through the start of 2023 values started to rise and that comes in spite of four rate rises through the start of the year," Ms Owens said. They were the underbidders on a three-bedroom property at Greystanes in Western Sydney on Saturday, which sold for $1,249,000 — well above the reserve. Mr Rozario's feeling that growth was slowing in the Sydney market is backed by the latest CoreLogic data.
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