Supply-demand imbalance continues to push up house prices
Price growth was recorded across all capital cities and combined regional markets in May, as Australia’s remarkable simultaneous upswing in property values continues to gather momentum.
Nearly every property market in Australia recorded price growth in May. Photo: Shutterstock (Image source: Shutterstock.com)
Price growth was recorded across all capital cities and combined regional markets in May, as Australia’s remarkable simultaneous upswing in property values continues to gather momentum.
CoreLogic’s monthly look at house prices showed a 2.2 per cent national increase in median house prices, with Hobart leading the country at 3.2 per cent.
Sydney was close behind at 3 per cent, Brisbane’s median was up 2 per cent for the month, Darwin’s rose by …
