Sydney leads Australia’s house price rebound with $500-a-day ‘hyper-growth’

Domain house data shows the Sydney median house price has clawed back $97,000 of the $151,000 lost last year. Photograph: Bjanka Kadic/Alamy

Australia’s home price rebound quickened in the June quarter, lifting house values at the fastest rate since late 2021. For Sydney, median house prices rose $500 a day during the first half of 2023, returning to “hyper-growth”, Domain said.

Since last December’s nadir, house prices across capital cities have risen $34,000, or 3.4%, clawing back slightly more than the $60,000 lost during 2022.