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The Guardian - AU
The Guardian - AU
National
Peter Hannam

Housing prices back at record levels, defying Australia’s interest rate rises

For sale sign in front of a block of apartments
Australian housing prices are at record highs in Perth, Adelaide and Brisbane. Photograph: Lukas Coch/AAP

Australian home prices are back at record levels, recovering all of the 7.5% dip from their previous peak in April 2022, according to the data group CoreLogic.

As of Wednesday, Corelogic’s home value index had climbed 8.1% higher than the recent nadir reached at the end of January this year, defying five additional interest rate rises by the Reserve Bank since then.

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