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The Guardian - AU
The Guardian - AU
National
Cait Kelly

Australia’s property market upswing continues as house prices and rents rise again

Tim Lawless Australia CoreLogic Housing Market
For sale sign with a house in the background
Property values increased by 0.4% across Australia in January, the 12th straight month of rises, according to data group CoreLogic. Photograph: ginevre/Getty Images

The Australian housing market upswing continued in the first month of 2024 with property values rising 0.4%.

As house prices rose, renters continued to feel pain, with the national rental index recording its biggest monthly rise since April. Rents were up 0.8% in January after a 0.65% rise in December.

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