abc.net.au/news/corelogic-house-prices-rebound-interest-rates-housing-market/102284450Australian property prices have risen for the second month in a row, suggesting a downturn in the nation's housing market has come to an end as interest rates appear to have stabilised.House prices across capital cities rose for a second month, increasing by 0.5 per cent in April
CoreLogic data shows the median value of homes sold across the country increased by 0.5 per cent in April, following a 0.6 per cent increase in March. Adelaide also reported a marginal increase, while the smaller capital cities of Hobart and Canberra recorded no increase to house prices, while Darwin's median value fell by 1.2 per cent last month.
"Auction clearance rates are holding slightly above the long-run average, sentiment has lifted and home sales are trending around the previous five-year average." PropTrack's data shows national home prices increased in April, with Sydney's housing market leading the recovery.