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The Guardian - AU
The Guardian - AU
National
Cait Kelly

Australian home prices hit new high during spring rush but Sydney records small slip

Sydney Home Prices Australia CoreLogic Tim Lawless Perth Adelaide Brisbane PropTrack
A residential tower in Willoughby, Sydney
Home prices in Australia’s combined capital cities rose 5.85% over the past year, after climbing a further 0.28% in October, PropTrack found. Photograph: Lisa Maree Williams/Getty Images

Australian home prices hit a record high during the peak spring selling season but home values in Sydney dipped in the city’s first month-on-month decline since January 2023.

The PropTrack report found prices in the combined capital cities increased 5.85% over the past year, after climbing a further 0.28% in October.

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