The national Home Value Index recorded a third-straight month of growth in April according to Cotality (formerly known as Core Logic).
Dwelling values grew 0.3% to a record high, adding around A$2,720 to the median value of an Australian dwelling over the month.
Cotality’s research director, Tim Lawless, said the rise was likely influenced by rate cuts in February and global tariff uncertainty.
“Household confidence slipped in April, with the US’s ‘Liberation Day’ tariff announcements and the upcoming federal election causing uncertainty,” he said.
“It is likely this may be causing some buyers and sellers to delay their decisions.”
All capital cities saw increases, with the highest rises in Darwin (up 1.1%) and Hobart (up 0.9%).
Despite steady growth across the country, it has eased from the 0.4% rise in March, with sentiment and auction clearance rates slumping throughout the month.
Melbourne and Sydney recorded the lowest growth, only rising 0.2%.
Regional cities also outpaced capitals overall, with a 0.6% increase.
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