House price falls ease in February with Sydney posting a rise as real estate listings dry up

 A lack of properties for sale and the first rise in Sydney home prices in more than a year have stabilised real estate values across the nation.

CoreLogic's Hedonic Home Value Index has recorded its smallest fall since interest rates started rising in May last year, at just 0.1 per cent for February.

The rival PropTrack index, using a slightly different methodology, is even more upbeat, recording a 0.2 per cent bounce in home prices nationally last month.

Both data providers say Sydney house prices drove the national result, with CoreLogic finding that they rose for the first time since January 2022, with a 0.3 per cent monthly gain.

Read More: https://www.abc.net.au/news/2023-03-01/house-price-declines-ease-in-february-with-sydney-posting-rise/102033596



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