Australian home prices surged by one percent in November, reaching a median value of nearly $889,000 AUD, marking the third consecutive month of robust gains. However, this growth was slightly slower than the previous month. While national prices rose, major cities like Sydney and Melbourne saw a slowdown in gains due to expectations of no further interest rate cuts. Smaller state capitals like Perth and Adelaide experienced stronger price increases. The Reserve Bank of Australia has cut interest rates three times this year, but recent inflation reports have reduced the likelihood of further cuts, potentially impacting housing sentiment. Experts predict that these gains are likely to slow down in the coming year due to poor affordability, less favorable interest rate outlook, and new banking regulations aimed at curbing housing risks.

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