Australian house prices have regained their growth momentum in March after falling for ten consecutive months due to the impact of interest rate hikes.
According to real estate data provider CoreLogic, national home values climbed by 0.6 percent in March.
This is the first positive result following the 8.5 percent drop in house prices since April 2022–which was the Reserve Bank of Australia (RBA) started the interest rate hiking cycle.
Sydney Leads in House Prices Growth
Sydney led the country with a 1.4 percent growth in house prices, followed by Melbourne at 0.6 percent, Perth at 0.5 percent and Brisbane at 0.1 percent.
In contrast, Tasmania saw the most significant drop in home values at 0.9 percent, while Canberra’s, Darwin’s and Adelaide’s dipped by 0.5 percent, 0.4 percent and 0.1 percent, respectively…. Source
Australian House Prices Grow Again After Dropping for 10 Straight Months
April 3rd, 2023 Awake Goy
Paris protest in support of family of Cédric Chouviat who died after police arrest
Mainstream Media And FBI Push Fake Terror Attack Even After Their Patsy Refused To Do It
White House Briefing Room Erupts When Associated Press Cuts Event Short
Iran Longs for an Obedient Joe Biden White House that Will 'Comply'
Deputy Albert Jordan Fired After Fight With Man at Macon Store While Off-Duty
Israel And Hamas Complete 2nd Day Of Swaps After Tense Delay, As Gaza Cease-Fire Holds