New data reveals that house prices continue to accelerate despite ongoing pressures.

In Australia, house values are once again on the rise, with CoreLogic’s national home value index increasing by 0.6 per cent in February. This marks a slight uptick from the 0.4 percent seen in January and represents the strongest monthly gain since October last year. All capital cities, except Hobart, experienced an increase in values, with Hobart seeing a slight decrease of 0.3 percent.

CoreLogic research director Tim Lawless noted, “Housing values have shown remarkable resilience in the face of high interest rates and cost of living pressures.” He attributed the ongoing rise in housing values to a persistent imbalance between supply and demand, which varies across different cities and regions.

Perth stands out as a notable exception, experiencing a substantially higher rate of growth compared to other regions, with values up by 1.8 per cent over the month.