In their latest market update video, RPData explain that home values across Sydney, Melbourne, Brisbane, Perth, Hobart and Canberra all rose by 1% or more in June helped along by RBA interest rate cuts over May and June.
Melbourne dwelling values have staged a striking 1.7 per cent recovery since reaching a trough on 11 June.
The daily RP Data-Rismark Home Value Index recorded a weighted-average 1.0 per cent increase over the month of June with broad-based capital gains evidenced across most of the capital cities. The rise in dwelling values has partially reversed the -1.4 per cent fall recorded in May.
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