In the week ended 18 April 2013, the RP Data-Rismark 5-city daily dwelling price index, which covers the five major capital city markets, recorded a -0.20% fall, which followed last week’s 0.02% increase (see next chart).
Results were mixed, with losses in Sydney, Brisbane and Perth partly offset by gains in Melbourne and Adelaide (see next chart).
Values are down -0.22% so far in April, with all capitals, except Adelaide, experiencing losses (see next chart).
Over the past 12 months, values have risen by 2.33% at the 5-city level, with all major markets experiencing 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 -3.4% 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 4.4% since bottoming in May 2012, with all capitals rebounding (see next chart).