In the week ended 17 April 2014, the RP Data-Rismark 5-city daily dwelling price index, which covers the five major capital city markets, rose by 0.37%. It was the seventh consecutive weekly rise in values (see next chart).
Values rose in four major capitals and fell in one (see next chart).
Values are up 0.55% so far in April, again with values rising in four major capitals and falling in one (see next chart).
Values are now up 4.12% so far in 2014, driven by big gains in Sydney and Melbourne, with Perth values falling:
Over the past 12 months, home values have risen by 11.64% at the 5-city level, again led by Sydney and Melbourne (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, the uptrend continues, driven by exceptionally strong gains in Sydney (see next chart).
Values are up 7.9% 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).
However, major capital home values have now gained 16.5% since bottoming nationally in May 2012, with all capitals rebounding from their respective troughs (see next chart).
