House prices rise in all but one capital city
A slight decline in Melbourne was the only negative movement in Australian house prices in October, with property markets across the nation shifting firmly into recovery mode.
Apartment rents and values have been tipped to perform less strongly than houses over the medium term. Photo: Shutterstock (Image source: Shutterstock.com)
A slight decline in Melbourne was the only negative movement in Australian house prices in October, with property markets across the nation shifting firmly into recovery mode.
Melbourne’s median house price fall of 0.2 per cent was the smallest monthly decline in values since the pandemic began, while Adelaide and Darwin were the biggest gainers over the month, with both cities recording a 1.2 per cent rise, according to data from CoreLogic.
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