{"id":157960,"date":"2025-05-07T12:00:56","date_gmt":"2025-05-07T02:00:56","guid":{"rendered":"https:\/\/propertyupdate.com.au\/?p=157960"},"modified":"2025-05-09T08:21:43","modified_gmt":"2025-05-08T22:21:43","slug":"the-latest-median-property-prices-in-australias-major-cities","status":"publish","type":"post","link":"https:\/\/propertyupdate.com.au\/the-latest-median-property-prices-in-australias-major-cities\/","title":{"rendered":"The latest median property prices in Australia\u2019s major cities"},"content":{"rendered":"

If you\u2019re trying to make sense of what\u2019s happening in the Australian property market right now, you\u2019re not alone.<\/p>\n

With so many conflicting headlines, economic updates, and so-called \u201cexperts\u201d offering clickbait opinions, it can feel overwhelming, even for seasoned investors.<\/p>\n

That\u2019s why each month I cut through the noise and bring you the latest median property prices<\/strong> from our major capital cities\u2014Sydney, Melbourne, Brisbane, Adelaide, Perth, Hobart, Canberra, and Darwin\u2014all in one easy-to-digest place.<\/p>\n

And I don\u2019t just list the numbers, I explain what they mean and how they fit into the bigger picture of what\u2019s really going on in our housing markets.<\/p>\n

Whether you\u2019re a homeowner curious about what your property might be worth, a first-time buyer wondering if now\u2019s a good time to jump in, or a strategic investor looking to capitalise on Australia\u2019s ever-evolving real estate cycle, you\u2019ll find this monthly update invaluable - even worth bookmarking and coming back to.<\/p>\n

Let\u2019s cut through the noise and look at what\u2019s really happening on the ground.<\/p>\n

Cotality\u2019s national Home Value Index recorded a third straight month of growth in April<\/strong>, with dwelling values up 0.3% to a new record high.<\/p>\n

The rise in values has added approximately $2,720 to the median value of an Australian dwelling over the month.<\/p>\n

Home values rose across every capital city, ranging from a 1.1% gain in Darwin<\/b>\u00a0to a 0.2% rise in Sydney and Melbourne.<\/p>\n

While in positive territory, the pace of growth in national values eased a little from March (+0.4%), with sentiment and auction clearance rates slumping throughout the month.<\/p>\n

\"3<\/p>\n

The rate cut in February supported an upwards inflection in housing market conditions, but the positive influence from lower rates seems to be losing some potency.<\/p>\n

At the same time, household confidence slipped in April, with the US\u2019s \u2018Liberation Day\u2019 tariff announcements and the upcoming federal election causing uncertainty.<\/p>\n

It is likely this may have been causing some buyers and sellers to delay their decisions.<\/p>\n

But moving forward\u00a0Labor's election win signals more pressure on our housing markets<\/a>, as their proposed policies will unintentionally worsen the already critical supply-demand imbalance.<\/p>\n

\"Capital<\/p>\n

 <\/p>\n

Change in dwelling values around Australia<\/span><\/h2>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\u00a0<\/b><\/div>\n<\/td>\n
\n
Change in dwelling values<\/b><\/div>\n<\/td>\n<\/tr>\n
\n
\u00a0<\/b><\/div>\n<\/td>\n
\n
Month<\/b><\/div>\n<\/td>\n
\n
Quarter<\/b><\/div>\n<\/td>\n
\n
Annual<\/b><\/div>\n<\/td>\n
\n
Total return<\/b><\/div>\n<\/td>\n
\n
Median value<\/b><\/div>\n<\/td>\n<\/tr>\n
\n
Sydney<\/b><\/div>\n<\/td>\n
\n
0.2%<\/b><\/div>\n<\/td>\n
\n
1.0%<\/b><\/div>\n<\/td>\n
\n
0.9%<\/b><\/div>\n<\/td>\n
\n
4.0%<\/b><\/div>\n<\/td>\n
\n
$1,194,709<\/b><\/div>\n<\/td>\n<\/tr>\n
\n
Melbourne<\/b><\/div>\n<\/td>\n
\n
0.2%<\/b><\/div>\n<\/td>\n
\n
1.0%<\/b><\/div>\n<\/td>\n
\n
-2.2%<\/b><\/div>\n<\/td>\n
\n
1.5%<\/b><\/div>\n<\/td>\n
\n
$786,158<\/b><\/div>\n<\/td>\n<\/tr>\n
\n
Brisbane<\/b><\/div>\n<\/td>\n
\n
0.4%<\/b><\/div>\n<\/td>\n
\n
1.0%<\/b><\/div>\n<\/td>\n
\n
7.8%<\/b><\/div>\n<\/td>\n
\n
11.8%<\/b><\/div>\n<\/td>\n
\n
$907,864<\/b><\/div>\n<\/td>\n<\/tr>\n
\n
Adelaide<\/b><\/div>\n<\/td>\n
\n
0.3%<\/b><\/div>\n<\/td>\n
\n
0.9%<\/b><\/div>\n<\/td>\n
\n
9.8%<\/b><\/div>\n<\/td>\n
\n
13.7%<\/b><\/div>\n<\/td>\n
\n
$825,776<\/b><\/div>\n<\/td>\n<\/tr>\n
\n
Perth<\/b><\/div>\n<\/td>\n
\n
0.4%<\/b><\/div>\n<\/td>\n
\n
0.7%<\/b><\/div>\n<\/td>\n
\n
10.0%<\/b><\/div>\n<\/td>\n
\n
14.7%<\/b><\/div>\n<\/td>\n
\n
$807,728<\/b><\/div>\n<\/td>\n<\/tr>\n
\n
Hobart<\/b><\/div>\n<\/td>\n
\n
0.9%<\/b><\/div>\n<\/td>\n
\n
0.9%<\/b><\/div>\n<\/td>\n
\n
0.5%<\/b><\/div>\n<\/td>\n
\n
4.8%<\/b><\/div>\n<\/td>\n
\n
$664,462<\/b><\/div>\n<\/td>\n<\/tr>\n
\n
Darwin<\/b><\/div>\n<\/td>\n
\n
1.1%<\/b><\/div>\n<\/td>\n
\n
3.4%<\/b><\/div>\n<\/td>\n
\n
2.5%<\/b><\/div>\n<\/td>\n
\n
9.1%<\/b><\/div>\n<\/td>\n
\n
$526,410<\/b><\/div>\n<\/td>\n<\/tr>\n
\n
Canberra<\/b><\/div>\n<\/td>\n
\n
0.4%<\/b><\/div>\n<\/td>\n
\n
0.6%<\/b><\/div>\n<\/td>\n
\n
-0.6%<\/b><\/div>\n<\/td>\n
\n
3.4%<\/b><\/div>\n<\/td>\n
\n
$864,343<\/b><\/div>\n<\/td>\n<\/tr>\n
\n
Combined capitals<\/b><\/div>\n<\/td>\n
\n
0.2%<\/b><\/div>\n<\/td>\n
\n
1.0%<\/b><\/div>\n<\/td>\n
\n
2.6%<\/b><\/div>\n<\/td>\n
\n
6.2%<\/b><\/div>\n<\/td>\n
\n
$905,763<\/b><\/div>\n<\/td>\n<\/tr>\n
\n
Combined regional<\/b><\/div>\n<\/td>\n
\n
0.6%<\/b><\/div>\n<\/td>\n
\n
1.5%<\/b><\/div>\n<\/td>\n
\n
5.3%<\/b><\/div>\n<\/td>\n
\n
9.8%<\/b><\/div>\n<\/td>\n
\n
$673,373<\/b><\/div>\n<\/td>\n<\/tr>\n
\n
National<\/b><\/div>\n<\/td>\n
\n
0.3%<\/b><\/div>\n<\/td>\n
\n
1.1%<\/b><\/div>\n<\/td>\n
\n
3.2%<\/b><\/div>\n<\/td>\n
\n
7.0%<\/b><\/div>\n<\/td>\n
\n
$825,349<\/b><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source:<\/strong> Cotality 1st May 2025<\/span><\/em><\/p>\n