In this month’s housing market update I explain what’s happening around Australia
After the strongest winter month for capital gains since 2007 the rate of home value growth eased off over the month of September with capital city dwelling values holding steady.
Housing values eased their way into Spring, with the RP Data CoreLogic Home Value Index posting a 0.1% capital gain across the combined capital cities over the month of September.
Dwelling values across Australia’s capital cities were virtually flat over the month of September according to the RP Data CoreLogic Home Value Index which recorded a 0.1 per cent rise in values over the month.
This translated into a 2.9 per cent capital gain over the third quarter of 2014.
The flat result for September masks the fact that five of Australia’s capital cities recorded a fall in values over the month whilst only Sydney (+0.8%), Brisbane (+0.7%) and Adelaide (+0.9%) recorded an increase in dwelling values over the month.