The September 2024 edition of Ray White Now provides a comprehensive overview of the Australian real estate market, showing continued growth in house and unit prices, although at a slower pace. The national median house price rose by 0.2% over the last month, with varying performance across capital cities and regions. Melbourne and Sydney experienced slight declines, while Perth and Brisbane led with positive growth.
Regional markets, particularly Western Australia and Queensland, displayed strong performance, with significant annual price increases, while some areas, like Victoria and New South Wales, showed modest gains. Listing activity has increased, particularly in anticipation of the spring selling season, and auction clearance rates have improved, reflecting strong buyer demand despite rising interest rates.
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