The five biggest states reported declines in new home sales over the month
The upswing in dwelling approvals is expected to continue over the rest of the year and into the next
Demand from first-home buyers contributes significantly to the local economy, says the state treasurer
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The state was able to offset the loss of demand from migration by attracting interstate home seekers
Some rental markets, particularly in smaller capital cities, are struggling with limited supply of rental homes
Approvals for detached housing are expected to remain on an upswing until next year
The city's median house price has been growing for nine consecutive months
Asking prices, particularly in capital cities, continued to grow in April
Which capital cities reported the highest level of activity and the strongest clearance rates?
The city has overtaken some of its peers in terms of house values
Adelaide's south reports the highest gain in house prices over the first quarter of the year
House values in the city crack the $900,000 mark for the first time
This is opposite of what is happening in regional NSW, where rental conditions continue to be tight
Both home buyers and investors are seeing an opportunity in the unit market
Mayor warns of a lack of available and affordable housing in the area
However, rent gains in Hobart vary depending on location, with inner-city region posting declines
Regional markets reported the tightest rental conditions across the state
The median house value in metro Melbourne has, for the first time, surpassed the million mark
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