Before the general election on Saturday, Australian house prices reached a record high.

Despite increasing uncertainty about the economic impact of the global trade turmoil triggered by the United States, Australian house prices have continued to climb for the third consecutive month, reaching a historic high. On April 29, real estate consultancy firm Cotality announced that the house price index rose by 0.2% in April, with all major cities recording increases. Darwin and Hobart saw the largest increases at 1.1% and 0.9% respectively, while the leading city Sydney saw a slight increase of 0.2%.