In the week ended 11 April 2013, the RP Data-Rismark 5-city daily dwelling price index, which covers the five major capital city markets, recorded a minimal 0.02% increase, which followed last week’s -0.24% fall (see next chart).
Value gains were mixed, with strong growth in the smaller capitals offset by falls in Sydney and Melbourne (see next chart).
Values are down -0.02% so far in April, driven by falls in the two biggest capitals (see next chart).
Over the past 12 months, values have risen by 2.30% at the 5-city level, with all major markets, except Adelaide, 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 -3.2% since peak at the 5-city level, with all major capitals in negative territory, but with Sydney only marginally under water (see next chart).
However, major capital home values have now gained 4.6% since bottoming in May 2012, with all capitals rebounding and Perth values exploding (see next chart).
