April sales price a record for month - Barfoot & Thompson

"The average price of $581,190 in March, a record, was always recognised as a one-off occurrence," said Barfoot & Thompson managing director Peter Thompson.

However, with prices reaching an April record the company said it believes there is a forward momentum for prices.

"In each of the four months of this year, the average price has exceeded that for its comparative months of the previous year," Thompson said.

"Other than gains for March that increase has been modest, but there is a pattern of small gains. Activity in the top end of the market remains particularly strong, and a third of all the homes we sold had values exceeding $750,000 while we sold 52 homes with values in excess of $1 million, eight more than April last year."