First home buyers wanting to pick up a bargain may be kicking themselves that they didn’t jump into the property market earlier. CoreLogic data up to June shows housing values moved through a fourth month of recovery.
Every capital city except Hobart (-0.3%) saw dwelling values rise in June, with Sydney leading the way.
Having said that, though, growth is slowing as CoreLogic data reveals that the market remains -6% below peak levels recorded in April 2022. That’s the equivalent of the median dwelling value still being -$45,771 below a peak of $768,777.
To buy the median-priced house in Sydney and avoid