In this video RPData’s Tim Lawless gives the latest update on the housing market.
After rising for a few months, capital city dwelling values ease 1% in October after four months of rising values.
Dwelling values across all of Australia’s capital city housing markets, except Perth and Darwin, fell over October, interrupting a four month run of recovery.
The RP Data-Rismark Home Value Index results for October recorded the first month-on-month decline since May 2012, with the eight capital city aggregate index falling by -1.0 per cent over the month. The fall was broad-based, with falls being experienced across each of the capital cities apart from Perth and Darwin.