The RP Data-Rismark combined capital city index has retraced the 1.7% decline recorded over April and May to finish the June quarter 0.2% higher.
Over the month of June, dwelling values rose by 1.9 per cent across the RP Data-Rismark eight capital city aggregate index. According to RP Data research director Tim Lawless, the June rise has more than reversed the falls in the Index recorded over both April and May when across both months, values dipped by 1.7 per cent.
Highlights over the quarter:
- Best performing capital city: Sydney and Adelaide, +1.2 per cent.
- Weakest performing capital city: Darwin, -2.7 per cent.
- Highest rental yields: Darwin houses with gross rental yield of 6.2 per cent and Darwin units at 6.2 per cent.
- Lowest rental yields: Melbourne houses with gross rental yield of 3.7 per cent and Melbourne units at 4.4 per cent.
- Most expensive city: Sydney with a median dwelling price of $580,000.
Most affordable city: Hobart with a median dwelling price of $316,000.