Have House Prices Risen Or Fallen In April 2025?
- ozhousehunters
- May 2
- 2 min read
The latest May Home Value Index (HVI) offers a comprehensive snapshot of the Australian property market, revealing a blend of growth trends and challenges shaping the landscape. Here's what you need to know:
Australian Dwelling Values Continue to Climb
In April, Australian dwelling values rose by 0.3%, marking the third consecutive month of growth and reaching a new record high. However, not all markets have returned to their peak levels.
Capital City Highlights
Across the Capitals: Every major city recorded a rise in home values.
Darwin led the way with a 1.1% increase.
Sydney and Melbourne saw modest growth at 0.2% each.
Record Highs: Brisbane, Adelaide, and Perth are the only capitals currently at record-high values.
Below Peak Levels: Other capitals remain below their peaks:
Sydney: -1.1%
Melbourne: -5.4%
Hobart: -11.1%
Darwin: -2.7%
ACT: -6.4%
Buying and Selling Activity Declines
Market activity has slowed, with the Easter period recording the quietest week for auctions since 2019:
Only 644 auctions were held during the week ending April 20th.
New property listings dropped to 19,650, the lowest level for this time of year since 2019.
House vs. Unit Values
Houses continue to outperform units in terms of growth:
Quarterly growth for houses: 1.1%
Quarterly growth for units: 0.5%This trend is particularly driven by Sydney's market.
Regional Markets Outperform Capitals
Regional housing values increased by 0.6%, outpacing the combined capitals' growth of 0.2%.
Standout performers:
Regional South Australia: 1.5% growth
Regional Western Australia: 1.3% growth
Rental Market Growth
Rental growth has firmed, with the national index rising by 0.6% monthly for the past three months. Gross rental yields reached 3.52%, the highest level in nearly a year.
What Lies Ahead?
The housing market outlook remains mixed:
Potential Growth Drivers:
Lower interest rates
Persistent housing supply constraints
Challenges:
Stretched affordability
Cautious lending policies
Broader economic uncertainty
The May HVI underscores a property market that is both resilient and challenged by external factors. For buyers, sellers, and investors, understanding these dynamics is essential to making informed decisions in the months ahead.
(references CoreLogic)
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Published by
Nick Karayanis B.Eng. UNSW (Civil)
Licensed Contractor NSW (Building)
Disclaimer:
The content of this blog is for informational and educational purposes only and should not be considered professional financial, legal, or real estate advice. Every real estate transaction and renovation project is unique, and you should consult with qualified professionals, such as real estate agents, contractors, and legal advisors, to address your specific needs and circumstances. The information provided here is based on personal experiences and research and may not reflect current market conditions or regulations in your area. Readers assume all responsibility for decisions made based on the content of this blog.
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