Why are house prices rising when rates are increasing? | The Business | ABC News

National house prices have risen for the third straight month, according to data from CoreLogic. Sydney continues to lead the recovery, with values up 1.8 per cent in May. Brisbane and Perth posted the next largest gains, up 1.4 per cent and 1.3 per cent respectively, while all other capital cities also experienced accelerated growth in the month. The rebound is being driven by strong demand from returning migrants, a lack of properties up for sale and investors diving back into the market to take advantage of higher rents.
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