Weekly RP Data house price analysis

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By Leith van Onselen

Following on from this morning’s post on RP Data’s April Housing Market Update, below are some charts showing the weekly and monthly changes in the RP Data-Rismark capital city daily house price indices as at 18 April 2012.

First, the weekly percentage movements:

As you can see, it’s been an ordinary week for Australian housing, especially in Perth.

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Below are the month-to-date percentage movements:

According to RP Data-Rismark, March’s 0.18% gain in the 5-city aggregate index have been wiped-out, with Brisbane, Melbourne and Perth bearing the brunt.

Interestingly, Australian home values nationally have shown no price growth since the the end of February 2012, although the performance across capital city markets has varied considerably:

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I’ll endeavour to provide a weekly update of the RP Data-Rismark home price indices every Wednesday going forward.

[email protected]

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.