-- Australia's housing market continued to slow in April as capital city housing prices inched 0.2% higher to register their weakest monthly result since January 2025, ANZ Research said in a Monday report.
All capital cities posted softer month-over-month results, with higher rates and worsening sentiment notably flowing through to the Sydney and Melbourne markets, where housing prices declined 0.6% in April.
"More expensive properties in Sydney and Melbourne fell 1.2% [month over month] in April and have declined for six consecutive months," the firm said.
Prices in Adelaide, Brisbane, Darwin and Perth all increased by over 1% in April, while those in Canberra and Hobart were relatively flat, according to the report.
Building approvals slid roughly 11% in March after a marked rise in February, and ANZ Research said it expects approvals to decelerate further going forward as elevated materials costs exacerbate broader feasibility concerns for the sector.