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Capital city home values are increasing at their fastest pace in three years

Capital city home values are increasing at their fastest pace in three years, according to the latest RP Data quarterly review of the residential property market.  

The report found that, over the three months to October, home values across the combined capital cities rose by 3.4%, and that combined capital city home values have been trending higher since they reached a low in May last year. They have increased by 10.2% since then.  

Home values across all capital cities have risen by 7.9% over the past year, and, over the 12 months to October, house and unit values have risen by 8.2% and 5.9% respectively.  

Over the past three months, both house and unit values have increased by 3.4%.  

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Annual change in dwelling values – year ending Oct ‘13

staylor@propertyobserver.com.au

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