RP Data has just released its daily index results for 31 May, which has enabled me to calculate the dwelling values results at the 5-city level, which covers the five major capital city markets.
According to RP Data, dwelling values nationally fell by -1.19% at the 5-city level, with losses recorded in all major capitals except Perth (see next chart).
Since the start of the year, values have risen by 0.91% at the 5-city level, with all major markets except for Melbourne experiencing increases (see next chart).
Over the past 12 months, values have risen by 2.85% at the 5-city level, with all major markets except for Adelaide experiencing increases (see next chart).
Values are down -4.8% since peak at the 5-city level, with all major capitals in negative territory (see next chart).
However, major capital home values have now gained 2.9% since bottoming in May 2012, with all capitals rebounding (see next chart).
On Monday, RP Data will release its full report, which includes price results for the other major capitals, namely Hobart, Canberra and Darwin.
