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Perth is the national hot spot for home values

RISING interest rates and caution from buyers has failed to dampen the housing market in Perth. The Western Australian capital has shown strong growth in home values over the last month, according to a new report from property data gurus Cotality. In the four weeks to February 22, Perth’s home values rose 2.3 per cent, easily the strongest growth across any of the capital cities. Perth’s home value growth added more than $22,500 to the median dwelling value over the month. Brisbane, Adelaide and Hobart have also recorded a rise of more than one per cent in home values in February.

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