00:02In Australia's biggest city, the sign is up, buyers are still coming in, but the mood is cautious.
00:10Feeling a bit uncertain about things.
00:11With the interest rates going up, we don't know, you know, it's a hard time to be buying.
00:16Nationally, prices rose at the slowest pace in 15 months in April, at 0.3%, but still climbed 9.8
00:24% over the year.
00:25The median home value was now more than $940,000.
00:30Perth led the monthly gains, followed by Darwin, Brisbane, Adelaide, the regions and Hobart.
00:36Canberra was flat while values in Sydney and Melbourne went backwards.
00:41We've obviously seen the impact of multiple rate rises.
00:44We've seen the impact of inflation and the general uncertainty related to energy prices, really dampening sentiment.
00:51While sentiment is falling, nationally, it's a mixed picture.
00:54Sydney and Melbourne tend to be markets that are much more sensitive to interest rates.
01:01Even right now, you've got some underlying momentum, particularly in Brisbane and Perth, which I think will carry through for
01:07a bit longer.
01:08Lower priced homes are also performing better, buoyed by the government's expanded 5% deposit scheme for first home buyers.
01:15A key question ahead is how high interest rates will go.
01:19The Reserve Bank has already hiked twice this year, and another rise is widely expected next week, putting more pressure
01:27on buyers trying to secure a home.
01:30Definitely people are turning up. We're seeing less numbers coming, but properties are still selling.
01:34Still selling, but some are having to revise their expectations.
01:38Now onward experts, the Reserve Bank
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