Sydney, Brisbane lead the charge as property prices keep rising
House prices continue to outperform units, with Brisbane and Sydney reclaiming the values lost in 2022.
Sydney property market continues to lead the nation in property price gains., with prices up 6.2 per cent since their trough in November, according to PropTrack. (Image source: Shutterstock.com)
Property prices leapt 1.5 per cent in Brisbane and 1.1 per cent in Sydney in August as national property prices recorded their sixth successive month of increases.
Houses continue to outperform units, with values are up 6.3 per cent since bottoming out in February, compared with a 4.9 per cent rise in unit values.
This shift comes after house values were down 10.7 per cent compared with a 6.5 per cent drop in unit values in that period.
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