Australian house prices rise for sixth straight month as capital cities drive increase

Lower than average supply levels have put upwards pressure on values while flatlining interest rates are boosting buyer confidence

• Follow our Australia news live blog for latest updates
• Get our morning and afternoon news emails, free app or daily news podcast

Australian home values are up 4.9% since February, adding about $34,000 to the average dwelling.

CoreLogic's national home value index released on Friday marked a sixth consecutive monthly rise, up 0.8% in August.

Sign up for Guardian Australia's free morning and afternoon email newsletters for your daily news roundup