It was interesting to see the 2023 home value changes, with the national Home Value Index up 8.1%. This was an improvement on the 4.9% drop in 2022, but well below the 24.5% national surge in 2021.
Variations between cities and areas were high, for example Perth up 15.2%, Brisbane up 13.1%, Melbourne up 3.5%, and regional Victoria fell 1.6%.
Looked at over the longer term – consistent growth in property prices shows no sign of abating.
Read about this and more in our February Money Matters newsletter here