Australia’s property market upswing continues as house prices and rents rise again

Home values rose 0.4% in January and rents increased 0.8%, but the housing market remained varied around the country

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The Australian housing market upswing continued in the first month of 2024 with property values rising another 0.4%.

As house prices rose, renters continued to feel pain, with the national rental index recording its biggest monthly rise since April. Rents were up 0.8% in January, after a 0.65% rise in December.