RP Data-Rismark January Hedonic Home Value Index Results

Dwelling values continued their upwards trend, with the RP Data–Rismark combined capital city index posting a 1.2% capital gain in January.

According to Australia’s most timely indicator of housing market conditions, the RP Data-Rismark Home Value Index, a 1.2 per cent rise in capital city dwelling values was recorded over the month of January with a 2.7 per cent rise for the three months to end of January.

Highlights over the three months to January 2014:

  • Best performing capital city: Hobart, 5.8 per cent
  • Weakest performing capital city: Darwin, 0.8 per cent
  • Highest rental yields: Darwin houses with      gross rental yield of 6.2 per cent and Darwin units at 6.0 per cent
  • Lowest rental yields: Melbourne houses with      gross rental yield of 3.3 per cent and Melbourne units at 4.2 per      cent
  • Most expensive city: Sydney with a median      dwelling price of $660,000
  • Most affordable city: Hobart with a median dwelling price of $340,000

Full report is here: rpdata-rismark home value report

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