Business
Price falls slow in Melbourne, on the rise in other cities: CoreLogic – Domain News
Australian property prices are rebounding despite the ongoing coronavirus pandemic after five months of price declines, new figures show.
Australian property prices are rebounding after five months of price declines, new figures show, with values back on the rise in all cities bar Melbourne.
Home values rose 0.4 per cent over October to a national median of $559,254, the latest CoreLogic Home Value Index, released on Monday, shows.
The biggest jumps were recorded across Darwin, Adelaide, Hobart and Canberra, where values in each city rose at least 1 per cent pushing prices to record highs in the latter three cites.
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