RP Data: Home prices up 0.3% in February

By Leith van Onselen

RP Data’s price results are in for February, with the daily index recording a 0.32% rise over the month at the 5-city level, with Sydney once again leading the way (see next chart).

ScreenHunter_6270 Mar. 01 19.23

It was the third monthly rise in values since the unexpected fall in November, with values also up by 2.50% over the quarter (see next chart).

ScreenHunter_6267 Mar. 01 19.16

The slide in price growth nationally has also been arrested, thanks to a second wind in Sydney (see next chart).

ScreenHunter_6269 Mar. 01 19.20

Values are now 13.9% above the October 2010 peak at the 5-city level, with values in all major capitals except Brisbane also above their previous respective peaks (see next chart).

ScreenHunter_6271 Mar. 01 19.27

Values have also gained 23.0% since their May 2012 trough, with all capitals rebounding from their respective lows (see next chart).

ScreenHunter_6272 Mar. 01 19.27

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