House values shrug off rate rises and hit fresh peak – for now

According to The Australian Financial review, national home values hit a record high on Wednesday after jumping 8.1 per cent from their trough earlier this year and recouping all losses of the recent downturn, according to CoreLogic’s daily home value index.
After an unexpectedly short, but sharp slump, values recovered despite rapid interest rate rises and gloomy sentiment, pushing house prices in one in three suburbs nationwide to new record highs as of October 31, while three in 10 unit markets hit new peaks, the data provider said.

https://www.afr.com/property/residential/house-values-shrug-off-rate-rises-and-hit-fresh-peak-for-now-20231122-p5elwb