How ASX shares vs. property performed in April

We reveal the property price growth for each city and regional market and the top 5 risers of the ASX 200.

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It was down for one and up for the other between shares vs. property last month. The S&P/ASX 200 Index (ASX: XJO) lost 3% while the CoreLogic Australian home value index just kept on rising, up 0.6%.

The index measures the entire housing market, including houses, townhouses, and apartments. This is the 15th consecutive month of growth, and in monetary terms, it equates to a $78,000 uplift in home values.

The median Australian house price increased by 0.6% and the apartment price rose by 0.7% in April.

CoreLogic research director Tim Lawless said there was continuing strength in lower-value markets, such as the more affordable capital cities. Also, over the past quarter, apartment prices had risen faster than house prices in every city except Hobart, reflecting buyer demand for more affordable housing types.

Lawless commented:

We aren't seeing any signs of heat coming out of the Perth housing market just yet, in fact the quarterly pace of growth, at 6.0%, is approaching the cyclical highs seen during the pandemic when interest rates were at rock bottom.

On the other hand, we are seeing the pace of gains slow across the Brisbane market, easing below the 1% mark to 0.9% in April for the first time in 12 months. Affordability pressures may be impacting the pace of growth across the city, following a nearly $300,000 increase in values since the onset of COVID in March 2020, the largest dollar value increase of any capital.

Among the regional markets, regional Western Australia kept powering ahead with a 1.8% gain in home values in April. Regional Queensland and South Australia followed with 1.1% growth each.

Shares vs. property price growth in April

Here is how shares vs. property performed in terms of price growth in the month of April.

Property marketMedian house pricePrice growth in April12-month price growth
Hobart $692,0040.2%-0.2%
Darwin $579,2290.8%1.4%
Regional New South Wales$758,7940.6%4.3%
Regional Victoria$602,5650%-0.6%
Regional Queensland$629,7601.2%11.2%
Regional South Australia$421,5601.1%9.9%
Regional Western Australia$510,3281.8%13.6%
Regional Tasmania$533,2760.7%0.2%
Regional Northern Territory$461,5660.9%-5.6%
Source: CoreLogic

Top 5 risers of the ASX 200 in April

The S&P/ASX 200 Index (ASX: XJO) lost 3% in April.

According to CommSec data, these ASX 200 shares below outperformed the benchmark index.

Here were the top risers of the month.

ASX 200 shareShare price growth in April
Emerald Resources NL (ASX: EMR)20.8%
South32 Ltd (ASX: S32)19.7%
Newmont Corporation (ASX: NEM) 18.6%
RED 5 Limited (ASX: RED) 18.4%
Silver Lake Resources Ltd (ASX: SLR) 17.7%
Source: CommSec

What drove the Emerald Resources share price higher?

A strong gold price and an impressive quarterly update drove Emerald Resources shares higher.

The company reported that its Okvau Gold Mine in Cambodia produced 28,539 ounces of gold, which was at the upper end of the guidance range of 25,000 to 30,000 ounces per quarter.

In other news, Emerald's proposed takeover of Bullseye Mining proceeded to a compulsory acquisition.

Motley Fool contributor Bronwyn Allen has positions in South32. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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