Housing prices gained momentum in April after stalling in March, preliminary figures from CoreLogic RP Data show.
Prices rose by 1.5 per cent in April after gaining only 0.2 per cent in March, according to an estimate based on sales in the mainland state capitals for the first 28 days of April
Detailed data for the whole month and covering all capital cities and regions will be published on Monday, CoreLogic RP data said.
Property investment is one of the ways to build long-term wealth. In Australia, statistics show that the value of residential property increased in early 2024. If you make smart property investments, you will have great profits and pave your way towards financial freedom.
Investing in property is an effective way to build wealth in Australia. In fact, the Australian Bureau of Statistics states that the total value of residential dwellings in the country increased significantly in the March quarter. It shows Australians find property a worthy and stable investment.
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent.
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