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AAP
AAP
Jack Gramenz and Jacob Shteyman

'Short window' as property prices rebound on rate cut

Tim Lawless Melbourne CoreLogic Hobart Home Prices
Buyers are in a race to beat a surge in demand, with house prices rising on the back of rate cuts. (James Ross/AAP PHOTOS)

Australia's short-lived housing price downturn appears to be over as a modest interest rate cut fuels expectations for those seeking to get on or move up the property ladder.

Property values rose 0.3 per cent across the country in February, bringing prices back near record highs following a 0.4 per cent drop over the previous three months, CoreLogic's monthly Home Value Index showed on Monday.

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