According to The Australian Financial Review, Sydney’s house prices rose 1.3 per cent in the three months to March, the first quarterly increase in a year and the most substantial gain since 2021, Domain data shows.
House prices in the combined capitals also rose for the first time in a year as the market reached a turning point during the first quarter.
ANZ is predicting Sydney house prices to rise 2 per cent this year and Perth to lift by 1 per cent.
Melbourne is forecast to end this year flat, but Brisbane is set to fall by 2 per cent, Adelaide by 6 per cent, Hobart by 8 per cent, Darwin by 4 per cent and Canberra by 5 per cent.
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