House prices surge at fastest pace in nearly four years
Australia’s housing market has surged to its fastest growth in nearly four years, with Sydney and Melbourne leading the rebound, Brisbane climbing to second-most expensive, and Perth and Adelaide showing signs of levelling out.
Melbourne house prices climbed 2.2 per cent to $1.08 million, the fourth straight quarterly increase. (Image source: Richie Chan/Shutterstock.com)
Australian house prices have recorded their strongest quarterly growth since late 2021, marking a turning point for the housing cycle as momentum rotates back to the largest capitals.
New figures from Domain show prices across almost every city rose in the September quarter, setting record highs for both houses and units and confirming the market’s shift into a higher gear.
The rebound has been underpinned by stronger borrowing capacity, improv…
