In the week ended 21 June 2018, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, declined 0.07%:
Values fell across three major markets but rose in two:
So far in June home values have fallen 0.10%, driven by Melbourne and Sydney:
So far in 2018, home values have declined by 1.58%, with only Brisbane and Adelaide recording a value increase:
Over the past 12 months, home values have fallen by 1.51%, driven by Sydney and Perth:
The next chart plots price growth across the major capitals, which shows prices falling in Sydney and Melbourne, whereas they are fairly flat elsewhere:
Values are now up 36.4% since the 2010 peak at the 5-city level, driven overwhelmingly by exceptionally strong gains in Sydney followed by Melbourne. Again, there has been little movement elsewhere (down in inflation-adjusted terms):
The major capital city home values have now gained 46.4% since bottoming nationally in May 2012:
