By Leith van Onselen
RP Data-Rismark has just released it’s home values index report for the month of April (below), and it’s poor month as predicted with Australian home values declining by -0.8% over the month nationally, led by Melbourne (-1.7%):
The result would have been much worse had it been seasonally adjusted. According to RP Data-Rismark’s April 2011 home values index (here), Australian home values typically rise by around 1.0% in April, suggesting that Australian home values would have declined by around -1.8% on a seasonally adjusted basis.
A chart showing the year-on-year change in dwelling values is shown below. Hobart, Melbourne and Brisbane have performed particularly badly over the past year:
Finally, below is a chart showing the rolling annual and quarterly change in capital city dwelling values:
Over to you, RBA.
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RP Data Rismark Home Value Index 1 May FINAL
