National house prices increased 0.4 per cent in the first month of spring and 6.7 per cent over the year, according to the latest study from CoreLogic.Experts said interest rate cuts slated for later this year, or early next year, would "provide a boost to borrowing capacity".
While Sydney home values have continued to rise, the quarterly increase was the lowest growth result since the three months ending February 2023. Hobart was also down 0.4 per cent for the month and 0.9 per cent in the quarter, while Darwin, which was up 0.1 per cent for the month but down 0.7 per cent in the quarter, also saw slight declines.
The national rental index increased by just 0.1 per cent over the September quarter, the smallest change over a rolling three-month period in four years.
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