Australian dwelling values increased a further 0.7% in June, taking growth to 8.0% across FY2023-24.
This is the equivalent of a $59,000 increase to the median dwelling value in Australia, which is now $794,000.
The annual rise was in stark contrast to the FY2022-23 when CoreLogic’s national index was down -2.0%. In that year, annual growth was weighed down by a -7.5% drop in values in the nine months following May 2022, when the cash rate target started to rise.
Reference - RP Data