Australia Home Prices Grow at Slowest Pace Since Early 2025
Townhouses and the city skyline rises behind in Melbourne, Australia.
Photographer: Jesse Thompson/Getty Images
Australian home prices rose last month at the slowest pace since January 2025, weighed down by large declines in Sydney and Melbourne as rising borrowing costs hurt demand.
Every capital city reported weaker growth in April, property consultancy Cotality said in a report on Friday. The two biggest cities — Sydney and Melbourne — fell 0.6% apiece. Perth was the outperformer, clocking 2.1% growth, while Brisbane and Adelaide recorded rises of more than 1%, the report showed. That left the combined capitals index up 0.2%.