Australia Home Values Rise for Third Consecutive Month
2025-05-01 00:09
By
Jam Kaimo Samonte
1 min. read
Australia's CoreLogic Home Value Index rose 0.3% month-on-month in April 2025, marking the third straight month of growth which added roughly $2,720 to the median value of home prices over the month.
All capital cities saw price increases, led by Darwin with a 1.1% rise, while Sydney and Melbourne recorded more modest gains of 0.2%.
Despite continued growth, the national pace slowed slightly from March’s 0.4% rise, with sentiment and auction clearance rates weakening over the month.
Tim Lawless, research director, noted: “The February rate cut helped spark an upward shift in housing conditions, but the effect of lower rates appears to be waning.
Meanwhile, household confidence fell in April amid uncertainty from the US’s ‘Liberation Day’ tariff moves and the upcoming federal election, likely prompting some buyers and sellers to hold off on making decisions.”