Australian House Prices Rebound Following Interest Rate Cut

A modest national increase in property values follows the Reserve Bank's February rate reduction, though affordability constraints persist.

CoreLogic data shows a 0.3% national rise in house prices for February, ending a brief three-month downturn.
The Reserve Bank's February rate cut and expectations of lower rates were key factors in boosting buyer sentiment.
Melbourne and Sydney saw slight property value increases, while other markets experienced slower growth or remained steady.
Rent growth has slowed significantly, with annual increases across major cities now at their lowest levels since 2021.
Experts note affordability challenges and constrained supply continue to limit the potential for another major housing boom.