Home prices up again in April

Yet again the Australian residential property market is surprising with its resilience and defying forecasts for sharp falls. After falling 9.1% from their high in April last year to their low in February, national average home prices rose another 0.5% in April after a 0.6% gain in March and are up by 1.2% from their February low. Sydney has led the charge with a 1.3% rise in April and is up 3% since January.

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