RP Data daily house price index

By Leith van Onselen

Starting today, I am changing things up. From now on I will post the daily house price indices from RP Data-Rismark, as well as three charts showing:

1. the daily percentage movement by capital city;
2. the weekly percentage movement by capital city; and
3. the month-to-date percentage movement by capital city.

First up, below is the daily house price indices from RP Data-Rismark as at 29 March 2012:

And below are the index values as at the end of February:

Finally, below are the all important charts showing the price movements in each capital city.

First, the daily movements:

According to RP Data-Rismark, Perth home prices rose by nearly a quarter of a percent in one day!

Now, consider the below chart showing the weekly prices movements:

Over the week, Adelaide homes have been the star performer, increasing in value by around half a percent!

Now consider the month-to-date price movements:

Over the month, Perth is on a tear according to RP Data-Rismark, increasing in value by 1.3%. By contrast, Adelaide’s housing market is in the doldrums, down by -1.5%.

Unless there’s a big fall tomorrow, it looks like Australian home prices will register a slight rise in the month of March according to RP Data-Rismark.

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