Capital city dwelling values yet to show declines: CoreLogic RP Data
Staff ReporterMarch 31, 2016
Capital city dwelling values are yet to show declines, according to CoreLogic RP Data's Hedonic Home Value Index, March 2016.
Perth and Darwin are the only cities to record negative value movements over the past year, according to CoreLogic RP Data head of research Tim Lawless, who said over the past twelve months, house values rose by 6.6 per cent compared with a 4.7 per cent increase in unit values
"Declines (Perth and Darwin) from their recent peak which was more than twelve months ago have been modest at just 4.6 percent.
"Sydney and Melbourne growth rates are moderating after a strong cycle of growth, while other cities are recording minimal shifts higher and lower."
