The day Australian property broke its all-time price record
Australian property prices have hit a record high, driven largely by rapid price growth in Perth, Brisbane and Adelaide.
Melbourne, like Sydney, is still below its record high median home values of early 2022. (Image source: RPM)
Australian property prices have hit their record high point, eclipsing the previous peak of April 2022.
CoreLogic’s national Home Value Index (HVI) on Wednesday (22 November) surpassed the national median dwelling price record of $768,777.
The new benchmark meant the national real estate market had erased the declines that saw prices hit a floor on 29 January this year. Since bottoming out, the national HVI has risen by 8.1 per cent.
Tim Lawl…
