AUSTRALIAN REAL ESTATE REMAINS STRONG

In April 2023, the Australian real estate market remains robust, with prices continuing to rise across the country. According to recent data, the national median house price has increased by 2.5% over the past year, with the average asking price now standing at AU$800,000.

Strong demand for property in Australia is being driven by a combination of factors, including low-interest rates, a growing population, and increased government support for first-time buyers

The overall strength of the market, some areas are experiencing slower growth, with regional areas seeing less price growth compared to major cities such as Sydney and Melbourne. However, this trend is expected to shift in the coming years as more Australians seek out affordable living options outside of major metropolitan areas.

Overall, the Australian real estate market remains strong in April 2023, with continued growth expected in the coming months.?