Australian Capital City Homes Values Continue to Rise in February

Australian home values rose 0.6 percent nationwide in February, but the jump was much higher in Perth, Adelaide, and Brisbane. Perth values rose 1.8 percent in just a month, while Adelaide home values jumped 1.1 percent, and Brisbane values leaped 0.9 percent, according to Core Logic research. Canberra dwelling values increased 0.7 percent, while Sydney values climbed 0.5 percent, and Melbourne and Darwin house prices rose 0.1 percent. Hobart was the only capital city to record a fall, with home values declining 0.3 percent in a month, the data showed. CoreLogic research director, Tim Lawless, said potentially there are early signs of a boost in housing confidence as inflation eases and rate cut expectations firm up....