RP Data weekly Australian house price update

ScreenHunter_07 Mar. 20 20.55

By Leith van Onselen

In the week ended 10 April 2014, the RP Data-Rismark 5-city daily dwelling price index, which covers the five major capital city markets, rose by 0.19%. It was the sixth consecutive weekly rise in values (see next chart).

ScreenHunter_2023 Apr. 10 17.08

Values rose in two major capitals and fell in three (see next chart).

ScreenHunter_2024 Apr. 10 17.09

Values are up 0.17% so far in April, driven by big gains in Sydney and solid gains in Brisbane, which have outweighed falls in the other major capitals:

ScreenHunter_2025 Apr. 10 17.10

Values are up 3.73% so far in 2014, driven by big gains in Sydney and Melbourne, with Perth values falling:

ScreenHunter_2026 Apr. 10 17.12

Over the past 12 months, home values have risen by 10.99% at the 5-city level, again led by Sydney and Melbourne (see next chart).

ScreenHunter_2027 Apr. 10 17.13

The next chart plots the daily movements on a 14-day moving average, in order to smooth volatility. As you can see, the uptrend continues, driven by strong gains in Sydney (see next chart).

ScreenHunter_2028 Apr. 10 17.14

Values are up 7.5% since the 2010 peak at the 5-city level, driven primarily by strong gains in Sydney, with Perth and Melbourne values also up but the other major markets still in negative territory (see next chart).

ScreenHunter_2029 Apr. 10 17.15

However, major capital home values have now gained 16.1% since bottoming nationally in May 2012, with all capitals rebounding from their respective troughs (see next chart).

ScreenHunter_2030 Apr. 10 17.16

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Comments

  1. Gain over 10 years shows that Sydney has grown quite slowly even with the latest rises.

    The 10 year growth charts favour places like Perth and Darwin, not Sydney.