Home values rose 1 percent in November, with Sydney up 0.5 percent and Melbourne 0.3 percent.
A general view of housing in the suburb of North Sydney facing towards the central business district (CBD) in Sydney, Australia, on June 28, 2024. Lisa Maree Williams/Getty Images
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Australia’s housing market continued its upward march in November, though the blistering pace of earlier months eased slightly as Sydney and Melbourne lagged behind smaller capitals.
Fresh data from property analytics firm Cotality shows national home values lifted 1 percent in November, marking the third consecutive month of gains at or above that level.
Naziya Alvi Rahman is a Canberra-based journalist who covers political issues in Australia. She can be reached at [email protected].
