18/07/2023
Australian property markets rose 1.2% collectively in May, the third consecutive monthly increase! This comes as a result of continuously low levels of housing supply and increasing demand.
Here’s how each major city has performed.
Sydney 1.8%
Melbourne 0.9%
Brisbane 1.4%
Adelaide 0.9%
Perth 1.3%
Hobart 0.5%
Darwin 0.4%
Canberra 0.4%
Source: CorelogicAU Hedonic Home Value Index