RP Data: Major capital home values down in November

Sunday 30 November 2014

RP Data’s price results are in for November, with the daily index recording a 0.26% fall over the month at the 5-city level, with values nationally dragged down by heavy losses in Melbourne (see next chart).

It was the first monthly decline in values since the seasonal fall in May, with values up by 0.92% over the quarter (see next chart).

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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.