National property market two weeks away from record high
Australia's property market is just weeks away from erasing the May 2022 to January 2023 downturn, with dwelling values rising for the ninth consecutive month in October.
Melbourne's property price growth has been sluggish compared to other cities, with higher listings leading to less competition among buyers. (Image source: Shutterstock.com)
Property prices have delivered another property price rise for the ninth month in a row.
Sydney, Perth and Brisbane have now exceeded 10 per cent growth for 2023, as CoreLogic’s national Home Value Index (HVI) rose a further 0.9 per cent in October.
The national property market is about two weeks away from hitting a record high.
Since finding a trough in January, the national HVI has increased 7.6 per cent, leaving the index only half a per ce…
