{"id":159482,"date":"2025-11-02T22:47:12","date_gmt":"2025-11-02T22:47:12","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/159482\/"},"modified":"2025-11-02T22:47:12","modified_gmt":"2025-11-02T22:47:12","slug":"australias-home-prices-surge-by-most-in-over-two-years-in-october","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/159482\/","title":{"rendered":"Australia&#8217;s home prices surge by most in over two years in October"},"content":{"rendered":"<p>SYDNEY, Nov 3 (Reuters) &#8211; Australian home prices jumped by the most in more than two years in October as rate cuts and government policies fuelled buyer demand, data from Cotality showed on Monday, while rents also increased.<\/p>\n<p>That added to signs financial conditions might not be as tight as thought as the Reserve Bank of Australia worries about a resurgence in inflation that has crushed market bets of more policy easing this year.<\/p>\n<p data-testid=\"promo-box\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__promo-box__hVl8h\"> Sign up  <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/australias-home-prices-surge-by-most-over-two-years-october-2025-11-02\/undefined?location=article-paragraph&amp;redirectUrl=%2Fworld%2Fasia-pacific%2Faustralias-home-prices-surge-by-most-over-two-years-october-2025-11-02%2F\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">here.<\/a><\/p>\n<p>KEY DETAILS<\/p>\n<ul class=\"article-list-module__unordered__aLEL9 article-list-module__disc__XcBxE article-body-module__paragraph__Ts-yF article-body-module__list__G8QPC\" role=\"list\" data-testid=\"unordered-0\">\n<li>National home prices rose 1.1% to a record median value of A$872,538 ($566,975.19) in October, marking the strongest monthly gain since June 2023, figures from Cotality, formerly CoreLogic, showed.<\/li>\n<li>The monthly gain was broad-based and led by a 1.9% jump in Perth. Sydney prices rose 0.7% and Melbourne, which has been lagging behind in the recent market recovery, gained 0.9%.<\/li>\n<li>Three rate cuts since February and a government policy to help first home buyers enter the market with just a 5% deposit that kicked in on October 1 fuelled buyer demand against the backdrop of a persistent shortage in housing supply.<\/li>\n<li>The lower quartile and middle of the market have registered the fastest gains in values.<\/li>\n<li>Rents are up 0.5% over the past three months, with the national rental vacancy rate holding around record lows of 1.4%.<\/li>\n<\/ul>\n<p>($1 = 1.5389 Australian dollars)<\/p>\n<p data-testid=\"SignOff\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__extra_small__8Buss body-module__full_width__kCIGb body-module__extra_small_body__Bfz20 sign-off-module__text__LQAMP\">Reporting by Stella Qiu; Editing by Jamie Freed<\/p>\n<p data-testid=\"Body\" dir=\"ltr\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__element__5eCce article-body-module__trust-badge__5mS3f\">Our Standards: <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.thomsonreuters.com\/en\/about-us\/trust-principles.html\" rel=\"noopener nofollow\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__small__sph8i link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n<p><a href=\"https:\/\/www.reutersagency.com\/en\/licensereuterscontent\/?utm_medium=rcom-article-media&amp;utm_campaign=rcom-rcp-lead\" target=\"_blank\" dir=\"ltr\" class=\"button-module__link__A3sD0 button-module__secondary__70gBu button-module__round__QDFgq button-module__w_auto__Sem-F\" data-testid=\"LicenceContentButton\" rel=\"nofollow noopener\">Purchase Licensing Rights<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"SYDNEY, Nov 3 (Reuters) &#8211; Australian home prices jumped by the most in more than two years in&hellip;\n","protected":false},"author":2,"featured_media":159483,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[82519,2786,82708,82709,79,84370,84896,84110,84897,82543,82538,82545,88440,82546,82535,82556,82549,82541,82550,82776,82553,82536,84041,82530,84146,82531,82777,82547,82539,82557,82537,82540,82554,82552,82551,83115,83116,179,18,45748,2598,89236,92745,92746,19,84368,17,83122,92747,82565,82524,82507,85212,82508,1659,89237,86741,107,83127],"class_list":{"0":"post-159482","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-amers","9":"tag-asia","10":"tag-au","11":"tag-aunz","12":"tag-business","13":"tag-cen","14":"tag-cycp","15":"tag-cycs","16":"tag-dbt","17":"tag-destabn","18":"tag-destabx","19":"tag-destafa","20":"tag-destauf","21":"tag-destbnx","22":"tag-destcsa","23":"tag-destd","24":"tag-destdnp","25":"tag-deste","26":"tag-destfun","27":"tag-destg","28":"tag-destgns","29":"tag-destlby","30":"tag-destm","31":"tag-destocabsm","32":"tag-destortao","33":"tag-destousbsm","34":"tag-destpge","35":"tag-destpsc","36":"tag-destrast","37":"tag-destrbn","38":"tag-destreulb","39":"tag-destrnp","40":"tag-destrws","41":"tag-destrwsa","42":"tag-destucdptest","43":"tag-eci","44":"tag-eco","45":"tag-economy","46":"tag-eire","47":"tag-gen","48":"tag-home","49":"tag-hosal","50":"tag-hrep","51":"tag-hsebld","52":"tag-ie","53":"tag-int","54":"tag-ireland","55":"tag-mce","56":"tag-mtg","57":"tag-mtpix","58":"tag-namer","59":"tag-news1","60":"tag-plcy","61":"tag-pol","62":"tag-rba","63":"tag-ream","64":"tag-rulesworld-australia","65":"tag-us","66":"tag-wash"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/159482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=159482"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/159482\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/159483"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=159482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=159482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=159482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}