House Prices Rise by 1.4% During March 2010

The RP Data – Rismark March Hedonic Home Value Index results released yesterday reveals that home values in Australia’s capital cities rose by 1.4 per cent in March (and +1.1 per cent on a “seasonally adjusted” basis) following on from similarly strong 1.7 per cent and 1.1 per cent growth rates across Australia in the months of January and February, respectively. In the 12 months to end March, Australian capital city home
values have increased by 12.5 per cent.

Rpdata.com Director of Research, Tim Lawless, stated “We expect capital growth rates to cool in 2010 as the cost of mortgage finance is normalised by the RBA. Over the longer-term home values should be expected to track disposable incomes.”

See this Press Release.

Brisbane values up 2.4% (median price: $439,000)


Brisbane apartments: Capital Growth to February 2010:
  • Month: -0.9%
  • Quarter: 0.8%
  • Year to date: 1.9%
  • Year on year: 7.6%

Brisbane apartments: Capital Growth to March 2010:
  • Month: 1.8%
  • Quarter: 3.7%
  • Year to date: 3.7%
  • Year on year: 9.1%
  • Medium over quarter = $375,000

Brisbane houses: Capital Growth to February 2010:
  • Month: 0.4%
  • Quarter: 1.1%
  • Year to date: 2.0%
  • Year on year: 7.2%
 Brisbane houses: Capital Growth to March 2010:
  • Month: 0.2%
  • Quarter: 2.1%
  • Year to date: 2.1%
  • Year on year: 6.2%

You can view the full RPData report here.

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