Key Highlights of the April 2025 Housing Market

• Home Values Reach New High: National dwelling values increased by 0.3% in April, setting a new record high of A$825,349. This marks the third consecutive month of growth, adding approximately $2,720 to the median value of an Australian home.

• Capital City Performance: All capital cities experienced value increases, with Darwin leading at a 1.1% rise. Sydney and Melbourne saw modest gains of 0.2%.

• Market Activity Slows: Despite rising values, sales volumes and new listings have declined to their lowest levels since 2019. Auction clearance rates have also dipped, influenced by uncertainties surrounding U.S. tariff developments and the recent federal election.

• Interest Rate Outlook: Following a rate cut in February, further reductions are anticipated, with the next possibly occurring on May 20. These cuts aim to enhance borrowing capacity and market confidence.

• Affordability and Lending Conditions: While government initiatives support first-home buyers, challenges like affordability constraints, cautious lending standards, and slower population growth may temper price growth.

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