The property market is heating up as national property prices rebound, with Sydney leading the way.

According to CoreLogic’s latest Home Value Index, national house prices increased by 1.2% in May, marking the third consecutive monthly rise with Sydney seeing the biggest gain, with a 1.8% increase.

This market trend is largely due to demand from returning overseas migration, combined with low supply levels and a tight rental market. With auction activity improving and clearance rates remaining firm, we can expect the market to continue to gain momentum.

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