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.
Australian housing markets continued to strengthen in September, with the Cotality Home Value Index rising 0.8%—the largest monthly increase since October 2023—driven by a 0.9% gain across the capital cities.
At its meeting today, the Board decided to lower the cash rate target by 25 basis points to 3.60 per cent.
Cotality’s national Home Value Index (HVI) increased by 0.7% in August, marking the most significant monthly lift since May of the previous year. This momentum also drove annual growth higher for the second consecutive month, reaching 4.1%.
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