Home values rise again in March as market recovery accelerates

CoreLogic said its national Home Value Index rose 0.6 per cent in March, for a quarterly total of 1.6 per cent.

"At one end of the scale we have Perth's housing market where values were up 1.9 per cent over the month, followed by Adelaide and Brisbane with 1.4 per cent and 1.1 per cent growth," he said. The 1.6 per cent of growth in the first quarter of this year compares to 1.4 per cent in the final quarter of last year.

"The diversity in housing value outcomes can be explained by significant differences in factors like housing affordability, demand-side pressures from population growth and shortcomings in housing supply."

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