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Australian Home Values Continue to Climb with RBA Expected to Cut Rates
- On Wednesday, Cotality data shows national housing values rose 0.6% in June, marking their fifth consecutive monthly increase and the strongest pace in a year.
- Following rate cuts in February and May, falling borrowing costs and ongoing housing shortages drove the property market upswing.
- All capital cities except Hobart recorded June price gains, with Darwin leading at 1.5%, and national prices rising by $40,900 year-on-year.
- Impact-first: Each 0.25% RBA rate cut increases borrowing capacity by about $9,000, with further easing expected to boost demand and support price growth.
- Analysts forecast 5–6% house price growth this year, limited by affordability issues and slowing population trends.
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Australian house prices rise for fifth month in a row
Australian property prices have climbed for a fifth consecutive month, edging up by 0.6 per cent in June.The data from CoreLogic shows monthly gains were recorded across almost every broad region of Australia, with Hobart the only capital city or rest-of-state region to see a month-on-month fall, dipping by 0.2 per cent in values.The last fall in national property prices was seen between November and January, when values dropped by 0.3 per cent.…
·Australia
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Total News Sources23
Leaning Left6Leaning Right4Center1Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
R 36%
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