Press Releases

Sydney’s housing pushes ahead while other markets remain soft

31 January 2012

RP Data – Rismark Home Value Index Release

The preliminary capital city dwelling value index result for December was -0.2% (s.a.) following an upwardly revised +0.4% rise in dwelling values in November (was +0.1%). Revised regional house values for November increased from +0.3% to +0.5%. Sydney housing has been the nation’s best performer with dwelling values up 0.4% in December and by 0.7% over the quarter (s.a.).

Rate cut triggers first rise in home values since December ‘10

30 December 2011

RP Data – Rismark Home Value Index Release

In seasonally-adjusted terms, Australia’s capital city home values rose by 0.1 per cent in November, which was the first increase since December 2010. Regional house values recorded a 0.3 per cent (s.a.) rise in November, which was also the biggest increase since December 2010.

Housing market remained soft prior to RBA rate cut

30 November 2011

RP Data – Rismark Home Value Index Release

In raw terms, capital city home values declined by -0.2% in October (-0.5% seasonally adjusted) prior to the RBA’s decision to cut interest rates. On a raw and seasonally-adjusted basis, the decline in capital city home values in 2011 has been 2.8% and 4.0%, respectively. Adding in gross rents, total housing returns are up +0.9% in 2011.

Australian housing market correction slows in September

31 October 2011

RP Data – Rismark Home Value Index Release

Consistent with RP Data and Rismark's forecasts, Australia's housing correction appears to be slowing. In September, capital city home values had their best result in 7 months (down just -0.2 per cent seasonally-adjusted and raw) while regional house values rose +0.1 per cent (s.a.). Including rents, total returns are +0.7 per cent over the first nine months of 2011 and +0.9 per cent over the 12 months to end September.