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Australian property markets rose 1.2% collectively in May, the third consecutive monthly increase! This comes as a result of continuously low levels of housing supply and increasing demand.

Here’s how each major city has performed.
Sydney 1.8%
Melbourne 0.9%
Brisbane 1.4%
Adelaide 0.9%
Perth 1.3%
Hobart 0.5%
Darwin 0.4%
Canberra 0.4%

Source: CorelogicAU Hedonic Home Value Index

All four of the largest capital cities have experienced a rise in housing values over the rolling quarter, with Sydney now surpassing the January trough by 3.0%.

Here’s how each major city has performed.
Sydney 3.0%
Melbourne 0.3%
Brisbane 0.1%
Adelaide 2.4
Perth 1.2%
Hobart -2.4%
Darwin -2%
Canberra -1%

Source: CorelogicAU Hedonic Home Value Index