16/11/2023
Home prices to hit a new record in November
National home prices are likely to hit a record high in November, according to CoreLogic.
The latest data showed that property prices rose 0.9 per cent in October.
Since the market’s small trough in January, home prices have increased 7.6 per cent, leaving values only half a per cent below the historic high recorded in April last year.
Last month, prices surged 1.6 per cent in Perth, 1.4 per cent in Brisbane, 0.3 per cent in Adelaide, 0.8 per cent in Sydney and 0.5 per cent in Melbourne.