In the week ended 28 March 2013, the RP Data-Rismark 5-city daily dwelling price index, which covers the five major capital city markets, recorded a 0.31% increase, which followed last week’s 0.04% increase. It was the seventh straight weekly rise (see next chart).
Value gains were broad-based, with all major capitals recording increases (see next chart).
Values are up by 1.50% so far in March, with all capitals except Adelaide recording rises (see next chart).
Over the past 12 months, values have risen by 2.63% at the 5-city level, with all major markets experiencing value increases (see next chart).
The next chart plots the daily movements on a 14-day moving average, in order to smooth volatility. As you can see, all major capitals except Adelaide are in an uptrend (see next chart).
Values are down -3.0% since peak at the 5-city level, with Sydney recovering all of its lost ground, but the other major capitals still in negative territory (see next chart).
However, major capital home values have now gained 4.8% since bottoming in May 2012, with all capitals experiencing a solid rebound (see next chart).
