Property shakes off global economic chaos to hit record highs
National home prices shook off global uncertainty, pre-election tentativeness and slumping consumer sentiment to hit a new peak in April.
Darwin's property market is leading the nation for capital growth in April. (Image source: Shutterstock.com)
A slump in auction clearance rates and consumer sentiment has not been enough to prevent national property prices hitting a new record high.
From Darwin’s continued and sizeable reversal of fortunes with growth of 1.1 per cent in April to Sydney and Melbourne’s positive territory (each up 0.2 per cent), the national dwelling value increase of 0.3 per cent marked a third consecutive month of price hikes.
The Cotality (formerly CoreLogic) Home Va…
