Australian house prices hit record high for fifth consecutive month

A shortage of new housing is likely to keep pushing prices higher, data company CoreLogic says. Photograph: Russell Freeman/AAP

National home values set a record high for a fifth consecutive month in March as a resilient economy and the swelling population pointed to further increases to come.

The home value index compiled by data group CoreLogic showed prices rose 0.6% last month, matching February’s increase. Median home prices were $772,730, rebounding just over one-tenth since its recent nadir in January 2023.