Growth rate may have peaked, but house price rises to continue
House price growth slowed as new listings rose strongly in April, with mounting indications that the rate of gains in the housing market may have already peaked. Strong buyer demand, however, is likely to support steady capital growth for the rest of the year.
Expectations of capital growth remain, but at a slower pace than the first few months of the year. Photo: Shutterstock (Image source: Shutterstock.com)
House price growth slowed as new listings rose strongly in April, with mounting indications that the housing market may have already peaked. Strong buyer demand, however, is likely to support steady capital growth for the rest of the year.
CoreLogic said its national home value index rose 1.8 per cent in April, easing off from its 32-year high of 2.8 per cent recorded in March.
More than 40,000 new listings were added to the market in the four…
