05/05/2025
Australia’s median home price hit a new record high in April, rising 0.20% to reach $805,000.
Regional areas led the gains, recording combined growth of 0.30% over the month. Capital city home values
(+0.16%) also rose to a new peak in April, with prices up in every city.
Compared to 12 months ago, capital city prices are sitting 3.35% higher, with regional areas 4.61% higher.
Adelaide was the strongest performing capital in April, rising 0.30%, followed by Melbourne (+0.25%) and Canberra (+0.20%). Adelaide has also taken the crown for strongest annual growth (+10.77%), overtaking Perth (+9.30%).
The top performing markets in April were regional Queensland (+0.49%) and South Australia (+0.48%).
Nationally, houses saw stronger growth than units over the month (+0.24% vs +0%), while units slightly outperformed when comparing annual growth (+3.88% vs +3.67%). The outperformance of units is particularly evident in regional areas, recording annual growth of 5.34% versus 4.49% for houses.