Sydney leads Australia’s house price rebound with $500 a day ‘hyper-growth’

Domain data shows fastest national rise since late 2021 and all capitals bar Canberra in recovery mode

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Australia’s home price rebound quickened in the June quarter, lifting house values at the fastest rate since late 2021. For Sydney, median house prices rose $500 a day during the first half of 2023, returning to “hyper-growth”, Domain said.

Since last December’s nadir, house prices across capital cities have risen $34,000, or 3.4%, clawing back slightly more than the $60,000 lost during 2022.

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