In good news for those interested in property investment, growth trend continues with capital city dwelling values rising 0.3% in February
As you will see in the video below, Australia’s housing market experienced a mild recovery over the past twelve months, with five of the country’s eight capital cities have recorded growth according to the February RP Data and Rismark home value index results.
To the end of February 2013, the index results revealed that capital city dwelling values rose by 0.3 per cent, following a 1.2 per cent rise in January. The strength in the monthly result was largely driven by Australia’s second largest housing market, Melbourne, where dwelling values were up 1.5 per cent. Values also appreciated across Sydney (+0.1 per cent), Canberra (+1.9 per cent) and Darwin (+2.3 per cent), while the remaining capital cities recorded a fall in values.
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or to visit the RP Data-Rismark Home Value Indices: