“Australia’s property market is showing no signs of slowing down, with data from CoreLogic showing property prices increased by 0.6 per cent in April.
It’s the 15th month in a row that Australia’s property prices have increased, with the national median dwelling value now $779,819.
CoreLogic’s head of research Tim Lawless said higher interest rates, worsening housing affordability and cost of living pressures are keeping property prices higher.
Coupled with a “mismatch” of demand for housing and limited supply, Mr Lawless warned that higher property prices are unlikely to ease in the “near future”.
Here’s what property prices look like across the country”…
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