Australia politics live: cities lead house price recovery; day of judgment in Ben Roberts-Smith defamation case

CoreLogic reports the property rebound picked up pace in May, jumping 1.2%, while all eyes will be on Sydney for the BRS verdict later today – follow latest updates

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The major cities are leading a fiery recovery in housing prices, while regional markets are also starting to pick up, AAP reports.

After the residential property market tracked lower for much of last year, it’s now staging a comeback with the CoreLogic home value index recording a third consecutive monthly improvement.