Property prices across Australia have experienced a surprise jump over the past month. Australia’s largest five capital cities increased 0.51 per cent according to CoreLogic, led by Sydney which saw a 0.89 per cent rise.
Melbourne increased 0.3 per cent, Perth 0.4 per cent, Brisbane 0.13 per cent, while Adelaide was the only market to record a decline with a -0.13 per cent fall.
Since CoreLogic’s daily dwelling values index bottomed on 7 February, values have risen 0.7 per cent at the 5-city level, with Sydney values jumping 1.3 per cent.