RP Data’s price results are in for October, with the daily index recording a 1.39% rise over the month at the 5-city level, with values rising in all major capitals except Perth (see next chart).
It was the fifth consecutive monthly increase in values, with values also up by 3.50% over the quarter (see next chart).
Home values have now increased by 8.25% since the start of the year at the 5-city level and by 7.96% over the past 12 months, driven by strong growth in Sydney and Melbourne (see below charts).
Values are now up 2.1% from their October 2010 peak at the 5-city level, with all major capitals except Sydney still underwater (see next chart).
However, values have gained 10.3% since their May 2012 trough, with all capital rebounding from their respective lows (see next chart).
