RP Data’s price results are in for February, with the daily index recording a 0.32% rise over the month at the 5-city level, with Sydney once again leading the way (see next chart).
It was the third monthly rise in values since the unexpected fall in November, with values also up by 2.50% over the quarter (see next chart).
The slide in price growth nationally has also been arrested, thanks to a second wind in Sydney (see next chart).
Values are now 13.9% above the October 2010 peak at the 5-city level, with values in all major capitals except Brisbane also above their previous respective peaks (see next chart).
Values have also gained 23.0% since their May 2012 trough, with all capitals rebounding from their respective lows (see next chart).