Housing values have risen again across Australia for August, with the strongest month-on-month growth since May of 2024.

The average value of houses overall rose by 0.7 per cent, with rises as high as 1.2 per cent seen in Adelaide last month alone, according to Cotality.

It continues a trend of rising house values - growing 4.1 per cent this year - which is amplified by a lack of supply.

Cotality estimates supply is still 20 per cent below average for this time of year, which tends to be a busy period in the housing market.

"Once again we are seeing a clear mismatch between available supply and demonstrated demand placing upwards pressure on housing values", Tim Lawless from Cotality said.

The value of homes in Sydney was modest, only rising 0.8 per cent and 2.1 per cent this ye

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