1 year ago
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CoreLogic researcher Tim Lawless says current spike in migration countering effect of Reserve Bank’s rate hike earlier this month
Property price gains are picking up momentum in major cities as the number of homes listed for sale starts to lift from “extraordinary low levels”, data group CoreLogic says.
Up to the middle of May, home values in Sydney had risen 1.4% on a rolling four-week average from 1.3% at the end of April. For Brisbane, prices increased 1.1%, up from 0.3%. Perth values were up 1%, Adelaide 0.6% and Melbourne’s home prices rose 0.5%.
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