Event or Key Focus
In the fiscal year showdown for June, ASX 200 shares narrowly claimed victory over the property sector regarding asset appreciation.
Major Indices Performance
The S&P/ASX 200 Index experienced a modest rise, with a 0.85% increase over the last month.
Sector Highlights
Specifically, energy shares saw one ASX entry soaring by 40%, standing out amongst its peers.
Top Points to Note
- 17th consecutive month of national median home value growth, albeit slower at 0.7%, as per CoreLogic.
- Perth, Adelaide, and Brisbane led with the highest home value growth rates.
Insights/Analysis
Despite persistent downward pressures, such as high interest rates and cost of living challenges, the housing market’s resilience is likely underpinned by continued tight supply levels.
Concluding Thought
While June saw the ASX shares slightly outperform the property sector, the continued growth in both markets suggests underlying strength and investor confidence, reflected in the diverse growth patterns across the country’s markets.