Australia’s Housing Market Regains Momentum With 3rd Consecutive Month of Growth

Australia’s Housing Market Regains Momentum With 3rd Consecutive Month of Growth
People walk past a real estate agent's window in Melbourne, Australia, on March 7, 2023. William West/AFP via Getty Images
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Australia’s residential property market has made a comeback as the national house prices rose for the third consecutive month in May.

According to the real estate data provider CoreLogic, the national home value index climbed by 1.2 percent in May, following increases of 0.5 and 0.6 percent in March and April.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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