RP Data has just published its daily home values index for 30 April, which has enabled me to calculate the month-end results at the 5-city level.
According to RP Data, dwelling values fell by -0.48% at the 5-city level in April, with all major capitals, except Adelaide, experiencing falls:
However, since the beginning of the year, dwelling values have risen by 2.20% at the 5-city level, with all major capitals experiencing value increases:
Similarly, over the past 12 months, dwelling values have risen by 2.62%, with all major capitals experiencing gains:
Values are now down -3.6% from peak at the 5-city level, with Brisbane-Gold Coast experiencing heavy losses and Sydney almost regaining all of its lost value:
However, values have recovered more than half of their losses, with all major capitals experiencing solid rebounds (see next chart).
