In the week ended 26 February 2015, the Core Logic-RP Data 5-city daily dwelling price index, which covers the five major capital city markets, rose by 0.22% (see next chart).
Home prices rose in rose in all major capitals except Perth (see next chart).
So far in February, home values nationally have risen by 0.33%, with values in Sydney, Melbourne and Adelaide rising and Brisbane and Perth falling (see next chart).
Since the beginning of the year, home values have risen strongly in Sydney and Melbourne, are up slightly in Brisbane, and have fallen elsewhere (see next chart).
However, over the past 12 months, home values have risen by 8.86% at the 5-city level, with all capitals rising in value (see next chart).
The next chart plots the daily movements on a 14-day moving average, in order to smooth volatility. Sydney is looking downright bubbly, driving growth nationally (see next chart).
Values are now up 13.9% since the 2010 peak at the 5-city level, driven overwhelmingly by strong gains in Sydney, with Perth, Melbourne and Adelaide’s values also up, but Brisbane’s still in negative territory (see next chart).
However, major capital home values have now gained 23.0% since bottoming nationally in May 2012, with all capitals rebounding from their respective troughs (see next chart).