Let’s have a look at how Australia’s property markets are performing…
Last month we saw a bounce in dwelling values with the RP Data Rismark Index posting a solid 1.9% gain over the month of June following a 1.7% drop over the combined months of April and May.
The latest June data takes the quarterly growth rate to just 0.2% after the March quarter posted a seasonally strong 2.8% increase.
Dwelling values are now 3.8% higher over the 2012/13 financial year. As a comparison, capital city home values fell by -3.6% over the 2011/12 financial year.