The latest CoreLogic data shows that showed dwelling values moved 0.8% higher in April.
Overall dwelling values shifted higher over the past month across every capital city except Canberra where values showed a 1.5 per cent drop over the month.
Annually, the rate of capital gain has slowed since April last year, however, since the February rate cut the Sydney and, to a lesser extent, Melbourne housing markets have caught a second wind which is reflected in the higher rate of capital gain as well as the very strong auction results and rapid rate of sale for properties sold via private treaty.
By the way:
With our real estate markets performing so strongly, some commentators are worried about the level of property prices. Did you read my comprehensive report – The Australian Property Bubble – a smart investors guide?