Following on from yesterday’s post on the RP Data-Rismark November home price results for the five major capital city markets, which revealed a slight (-0.05%) decline in home values over the month at the 5-capital index level, RP Data has today published on its website a detailed breakdown of results for dwellings, houses and units for each of the capital city markets, including the smaller capitals (see below table).
As you can see, the smaller capitals (Darwin, Canberra and Hobart) rose in value over the month, which will likely drag the 8-city dwelling values index into the green (i.e. positive growth) when RP Data formally releases its November results on Monday.
Melbourne was also the only capital city market to record negative dwelling price growth in November, offsetting gains in the other capitals.
Twitter: Leith van Onselen. Leith is the Chief Economist of Macro Investor, Australia’s independent investment newsletter covering trades, stocks, property and yield. Click for a free 21 day trial.
