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Property Prices Continue To Drift Higher
August 16, 2023 jun Strategy Session

Home values have continued to recover over the past month, with prices in Australia’s larger five capital cities up 0.9% in the past 30 days.


Growth was evenly distributed across most of the major capital city market, with Brisbane values – which rose 1.2% – the strongest in the country.


Sydney also saw values rise by 1.1%, while Adelaide (1%) and Perth (0.9%) also saw solid increases.


Melbourne was the weakest market among the five largest cities, with values up 0.4% over the past month.


Values across the five largest cities are now up 3.7% over the course of 2023.



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