Australian cities see slow down in house prices

House prices experienced a "marked slowdown" in April 2014, according to new data from RP Data Rismark.

The company's latest report reveals that following a sharp surge in values in the first three months of 2014, property prices in Australia's capital cities edged up by 0.3 per cent in April - much lower than the 2.3 per cent monthly rise in March.

Melbourne saw values fall 0.5 per cent and Canberra saw prices slip 1.1 per cent, while cities such as Perth and Adelaide enjoyed climbed of 0.2 per cent and 2.1 per cent respectively. Each capital city recorded a quartelry increase.