RP Data’s daily house price index for 31 March has been released, which has enabled me to calculate monthly price growth for the five major capital city markets.
As shown below, home values at the 5-city rose strongly (+2.29%) in March, driven by especially strong growth across the three biggest capitals, although all major markets experienced gains:
It was the tenth consecutive month of capital appreciation, with March’s growth also the strongest since the daily index commenced in January 2012:
Values at the 5-city level have increased 3.55% since the beginning of the year, with all major capitals, except Perth, gaining:
Over the past 12 months, values have risen by 10.79% at the 5-city level, with gains across all major markets:
Prices at the 5-city level are now 7.3% above their 2010 peak in nominal terms, with Sydney, Melbourne and Perth in positive territory, and Brisbane and Adelaide still below their former highs:
RP Data will release their full results, covering all eight capital city markets, later today.
