Housing prices back at record levels, defying Australia’s interest rate rises

All of the 7.5% drop from the April 2022 peak has been recovered, but some cities are faring better than others, CoreLogic analysts say

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Australian home prices are back at record levels, recovering all of the 7.5% dip from their previous peak in April 2022, according to the data group CoreLogic.

As of Wednesday, Corelogic’s home value index had climbed 8.1% higher than the recent nadir reached at the end of January this year, defying five additional interest rate rises by the Reserve Bank since then.