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Australian property prices
Curtin University economics professor Rachel Ong ViforJ

Australian property prices up 8.3% annually

In May 2024, property prices have increased by 8.3% in Australia on an annual basis, as a lack of supply is apparently fuelling house price growth, data from real estate consultancy CoreLogic has revealed. On a monthly basis, prices grew by 0.8%, the 16th consecutive month of growth and the largest monthly gain since October…

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(Hayden Groves, President at Real Estate Institute of Australia)

Australian house market sees value declines

Australia’s housing prices dropped over the June quarter as rising interest rates and inflation impacted affordability but not all cities and regions are experiencing price contractions. These are the findings of the Real Estate Institute of Australia’s (REIA) latest Real Estate Market Facts. Combined, the June quarter of 2022 saw a decline in the weighted average…

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