In March, Australian house prices rebounded after ten months of decline due to interest rate hikes, according to real estate data provider CoreLogic. National home values increased by 0.6%, with Sydney leading the growth with a 1.4% rise, followed by Melbourne with 0.6%, Perth at 0.5%, and Brisbane at 0.1%. High-end properties in Sydney experienced the most significant growth, rising by 2% following a sharp downturn in 2022. Regional housing markets also saw improvements, while the rental market remained tight with accelerated growth in unit rents. CoreLogic’s Research Director, Tim Lawless, attributed the rise in home prices to a tight rental market, migration, and a lack of new home listings. However, he warned that not everyone who wants to buy a property will be able to qualify for a loan due to high-interest rates. While the rise in house prices is affected by market expectations that interest rates will reach their peak, the chief economist at the real estate group Ray White, Nerida Conisbee, cited a housing shortage and population growth as other factors driving the growth. She predicted that price increases could hit double digits over the next 12 months.