In the week ended 16 April 2015, the Core Logic-RP Data 5-city daily dwelling price index, which covers the five major capital city markets, rose by 0.47% – the eighth consecutive weekly rise (see next chart).
Values rose across all major capitals except Brisbane (see next chart).
So far in April, home values have risen by 0.86% at the 5-city level, with all major capitals except Brisbane rising (see next chart).
Since the beginning of the year, home values have risen strongly in Sydney and Melbourne, but have fallen across the other major capitals (see next chart).
However, over the past 12 months, home values have risen by 7.93% at the 5-city level, with all capitals rising in value, but Perth, Adelaide and Brisbane barely increasing 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 Brisbane, Perth and Adelaide are going nowhere (see next chart).
Values are now up 16.4% since the 2010 peak at the 5-city level, driven overwhelmingly by strong gains in Sydney, with Melbourne, Perth and Adelaide’s values also up, but Brisbane’s still in negative territory (see next chart).
However, major capital home values have now gained 25.7% since bottoming nationally in May 2012, with all capitals rebounding from their respective troughs (see next chart).