RP Data house prices leap in July (members)

Thursday 31 July 2014

RP Data’s daily house price index for 31 July has been released, which has enabled me to calculate monthly price movements for the five major capital city markets.

As shown below, home values at the 5-city rose by 1.55% in July, driven by a big 3.75% jump in Melbourne and a 1.45% rise in Sydney, more than offsetting the small losses recorded in the other major markets:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.