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Four capital cities report negative growth in April

Staff Reporter 1 minute read

Four of the country’s capital city housing markets experienced negative growth in April, Residex revealed on Friday.

Melbourne, Sydney, Hobart and Perth all recorded negative price growth of between 0.21 per cent (Hobart) and 0.74 per cent (Melbourne) over the month.

Adelaide’s housing market performed the best during the month; it acheived solid price growth of 2.33 per cent. The median house price in Adelaide now sits at $376,500 – almost 20 per cent up on April 2007.

Outside the capital cities, regional housing markets benefited from the resource boom – country WA, Queensland and SA all achieved monthly price growth of 2.20 , 1.50 and 2.37 per cent respectively.

Published: 19-05-08

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Four capital cities report negative growth in April
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