In the week ended 26 March 2015, the Core Logic-RP Data 5-city daily dwelling price index, which covers the five major capital city markets, rose by 0.07% – the fifth consecutive weekly rise (see next chart).
Values in Sydney, Adelaide and Perth rose, whereas they fell in Melbourne and Brisbane (see next chart).
So far this month, values have risen by 1.16% at the 5-city level, with Sydney overwhelmingly leading the way (see next chart).
Since the beginning of the year, home values have risen strongly in Sydney and Melbourne, are up slightly in Brisbane, but have fallen elsewhere (see next chart).
However, over the past 12 months, home values have risen by 7.56% at the 5-city level, with all capitals rising in value, but Perth down in real (inflation-adjusted) terms (see next chart).
The next chart plots the daily movements on a 14-day moving average, in order to smooth volatility. Sydney continues to shoot the lights out, driving growth nationally, whereas Perth and Adelaide have stalled (see next chart).
Values are now up 15.2% 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 24.4% since bottoming nationally in May 2012, with all capitals rebounding from their respective troughs (see next chart).