CoreLogic’s latest data shows Aussie home values rose 0.7% in June, making for an 8.0% growth this year. This means the median home price is now $794,000, up by $59,000.
This is a turnaround from the previous year, when values dropped by 2.0% due to rising interest rates.
Growth has slowed from mid-2023’s peak of 3.3% per quarter. The June quarter saw a 1.8% increase, similar to previous quarters.
The market remains stable, and at Central Coast Property Advisory Service, we’re here to help you navigate these trends.