00:00House prices are going up again.
00:05This weekday inspection might be quiet but properties in the nation's second biggest city are selling fast.
00:12We're noticing an increase in the demand and also the competition so that's starting to drive prices up.
00:18As buyers forge ahead despite interest rates remaining steady.
00:22Even perceived rate cuts is helping people understand that the market's probably heading an upwards trajectory.
00:27Nationally prices rose 0.6% in July and 3.7% for the year.
00:33The median home value is now more than $844,000.
00:39Darwin led the monthly gains followed by Perth, Adelaide, Brisbane, Sydney, the regions Canberra, Melbourne and Hobart.
00:47This is the sixth consecutive month of increase that started with cash rates being reduced in February.
00:55While the RBA shocked markets by leaving the cash rate on hold last month, August rate relief is now widely expected.
01:03That will add fuel to property price growth as buyers are able to borrow more.
01:09The question is how high can home values go?
01:13Some economists say we could be reaching a peak.
01:17The amount of money that I say a first time buyer can borrow is way below what they'll actually need to get into the property market.
01:25At the moment they're relying on the bank of mum and dad but there's a limit to that.
01:29Affordability is probably the biggest headwind to growth.
01:33We're seeing a median income household would go into the median dwelling value about eight times, so at near record highs.
01:43Another property boom saddling the next generation with more debt.
01:47F rewind with us.
01:48We're seeing a median income with even more debt.
01:49F流
01:55F
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