Australian house prices have risen almost 9% in the first four months of 2021, following a further rise of 2% in April, according to CoreLogic figures.
House prices rose in all 15 major markets (eight capital cities and seven state regional markets) during April, with increases ranging from 0.5% in Regional WA to 2.7% in Darwin and Regional Tasmania, and 2.8% in Sydney.
In the year to date, house prices have increased by at least 6% in all the capital cities, with Canberra up 9%, Darwin 10% and Sydney 11%. In regional Australia, NSW, Queensland, Victoria and Tasmania have all risen 8-10% in the first four months of 2021.
In annual terms, house price growth has been led by Regional Tasmania and Darwin, which have lifted 18% in the 12 months to the end of April. Regional NSW and Canberra are both up 16%.
Apartment prices are also rising, with a 1.2% national increase in April and 4.7% in the year to date. In annual terms, the best are Regional Victoria (14%), Hobart (12%) and Regional NSW (11%).