National home values rose 1.9% in June, taking annual growth to 13.5% for the financial year. The growth in Australian dwelling values was led by houses, which rose 15.6% over the year, compared to a 6.8% lift in unit values.

It is the highest annual rate of growth since April 2004. The gap is narrowing between regional Australia and Capital cities.

New listing stock remains low which is adding to continued buyer FOMO.

The rental values continue to see strong growth and a slight uplift in Sydney and Melbourne.