House price data rolls on, with RP Data-Rismark just releasing their daily hedonic indices for 31 January, which has allowed me to derive January’s dwelling price results for the five major capital city markets.
According to RP Data-Rismark, the 5-city dwelling price index rose by 1.11% in January, which represented the first rise in the index since September 2012, and almost fully offset the previous quarter’s -1.18% of losses:
As you can see, dwelling price increases were broad-based across the five major capitals, with Sydney and Perth leading and Melbourne and Adelaide lagging.
Over the year, prices have risen in all major capitals, except Melbourne, although they have lagged inflation both nationally and in Brisbane and Adelaide:
Dwelling prices at the 5-city level are now down -4.6% since peak in nominal terms, with significant losses in Melbourne and Brisbane offset by only moderate losses in Sydney: