National home prices hit fresh highs as mid-sized capitals drive fastest gains since 2023
Home values surged again in November, with Perth leading the nation and Australia’s property market hitting fresh record highs amid worsening affordability pressures.
With rents and property prices on the rise, it's a tough time for many trying to get a foot on the property ladder. (Image source: Elias Bitar/Shutterstock.com)
The Perth property juggernaut continued its massive surge in November, leading the nation in a month where only Sydney and Melbourne dwelling values were below 1 per cent.
The Western Australian capital’s 2.4 per cent growth in a single month was driven by chronically low listings failing to meet hot demand.
Tim Lawless, Research Director, Cotality, noted that growth in home values across the mid-sized capitals is once again diverging from the …
