New home price highs
PropTrack released its latest Home Price Index, to the customary two decimal places.
I'm not sure of the benefit of the decimal places, given the sharp divergences between some of the indices out there, but overall dwelling prices were up 7.2 per cent in the capital cities and 5.3 per cent in regional Australia over the past year.
The fastest price increases over the year have been seen in Perth (+21 per cent), Adelaide (+14.5 per cent), and Brisbane (+13.7 per cent).
Source: PropTrack
Building activity remains constrained by the high cost of construction, and prices are now up by around +10 per cent from their December 2022 nadir.
Prices declined a little in Canberra and Darwin.
It's a pretty useful report from PropTrack, overall, and you can check it out herecheck it out here.
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