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Australia home prices stall in April

It follows dramatic gains in 2 of the country's hottest markets - Sydney and Melbourne

Published Mon, May 1, 2017 · 09:50 PM
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Sydney

HOME price rises slowed sharply in Australia's major cities in April, in a welcome respite for policymakers who have been alarmed at the risks of a debt-fuelled bubble in the housing market.

Property consultant CoreLogic said its index of home prices for the combined capital cities rose 0.1 percent in April, the weakest month-on-month rise since December 2015, compared with 1.4 per cent in March.

Annual growth in overall prices slowed to 11.2 per cent, from 12.9 per cent.

The results come after dramatic gains in two of the country's hottest markets - Sydney and Melbourne - over the second half of …

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