Australian House Prices Smash Records, Fully Reversing 2022 Lows

Australian House Prices Smash Records, Fully Reversing 2022 Lows
A general view of homes in the suburb of Balmain is seen in Sydney, Australia, on Sept. 7, 2022. Lisa Maree Williams/Getty Images
AAP
By AAP
Updated:
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Home buyers and sellers have expressed confidence in Australia’s housing market, leading to the full reversal of the most rapid decline in house prices in recent history.

National prices recovered to reach peak levels from 2022 lows after climbing 0.38 percent in September and by 4.31 percent this year, according to PropTrack’s Home Price Index report released on Sunday.