An almost 3% increase in dwelling values is happening across Australia. Capital city housing prices are rebounding, which actually contradicts the ongoing increase in RBA interest rates. In the second quarter of 2023, Sydney, Brisbane, Adelaide, and Perth experienced increases in average dwelling values by more than 2%. Perth and Adelaide stand out as the sole capital cities that have not witnessed year-on-year decreases in average dwelling values. The implication is clear: the earlier you own residential properties in these areas, the more you can profit from this remarkable surge.