In the week ended 8 August 2014, the RP Data-Rismark 5-city daily dwelling price index, which covers the five major capital city markets, rose by 0.05% (see next chart).
Growth in Sydney and Brisbane were almost fully offset by falls in the other major capitals.
Values are up by 5% so far in 2014, with all major capitals except for Perth experiencing growth, and particularly strong gains recorded in Sydney and Melbourne.
Over the past 12 months, home values have risen by 10% at the 5-city level, led by Sydney and Melbourne.
Growth appears to be slowing following the rebound after May’s seasonal weakness.
Values are now up 9% since the 2010 peak at the 5-city level, driven primarily by strong gains in Sydney, with Perth and Melbourne values also up, but Brisbane and Adelaide in negative territory.
However, major capital home values have now gained nearly 18% since bottoming nationally in May 2012, with all capitals rebounding from their respective troughs.
Everyone knows that runaway trains only crash when you try to apply the brakes.
If you go fast enough you can clear the broken bridge and sail right across the canyon.
Gov Glenn – is yanking the whistle and preparing some more lumps of the black stuff for the boiler.
If you think the govt is freaking out now – the best is yet to come.
Wait until they find that the:
* population ponzi scheme, * wealthy queue jumper program, * sell the farm, * sell the mineral wealth at high speed, * run up the household balance sheet campaign * rub the wealth effect magic lamp
all stop working as well.
The Adults will be leaving the building with barely a backward glance.
The RP Data index rose 0.62% this week, with gains in all major cities.
What month in 2010 did Sydney peak?
------------------------------ " ... which is that all-too-familiar dynamic in Irish life where people tell lies, cover them up and create all sorts of collateral damage, sometimes spread out over decades, and never take responsibility." - Alan Glynn
House price inflation continues to race above 10% nationally.
It’s great to see massively rising house prices. It’s a sign of great wealth and good times ahead. I just hope they lower the interest rates some more so as to help the good people who are invested in housing and to help increase housing profits even further!
More than 3x the CPI.
There is no slow melt.
There is 12 months of pro-cyclically ZIRP fuelled, double-digit, productivity-killing house price inflation.
House price inflation continues to race above 10% nationally.
It’s great to see massively rising house prices. It’s a sign of great wealth and good times ahead. I just hope they lower the interest rates some more so as to help the good people who are invested in housing and to help increase housing profits even further!
More than 3x the CPI.
There is no slow melt.
There is 12 months of pro-cyclically ZIRP fuelled, double-digit, productivity-killing house price inflation.
Smart!
Its Smart!
We’re ‘Strayans.
We’re ‘WINNING’
What a stupid plan.
Yes, instead of pull your head in and start planning for the future economic downturn in 2008, what did we do, what was our answer, to go on an even bigger debt driven spending spree as the overall economy collapses.
So now what do we have, more debt with less jobs to pay for it. Ah yes, that's the answer, that should end well.
In the week ended 21 August 2014, the RP Data-Rismark 5-city daily dwelling price index, which covers the five major capital city markets, rose by 0.43%. Growth in this week’s home values was fairly broad-based, with all capitals except Perth experiencing rises.
So far this month, home values have risen by 1.04%, with gains across the board but strongest growth in Sydney.
Values are up by 6.06% so far in 2014, with all major capitals except for Perth experiencing growth, and particularly strong gains recorded in Sydney and Melbourne.
Over the past 12 months, home values have risen by 11.07% at the 5-city level, led by Sydney and Melbourne. Growth appears to be lifting again, particularly in Sydney.
Values are now up 9.9% since the 2010 peak at the 5-city level, driven primarily by strong gains in Sydney, with Perth and Melbourne values also up, but Brisbane and Adelaide in negative territory.
However, major capital home values have now gained 18.7% since bottoming nationally in May 2012, with all capitals rebounding from their respective troughs.
House price inflation continues to race above 10% nationally.
It’s great to see massively rising house prices. It’s a sign of great wealth and good times ahead. I just hope they lower the interest rates some more so as to help the good people who are invested in housing and to help increase housing profits even further!
More than 3x the CPI.
There is no slow melt.
There is 12 months of pro-cyclically ZIRP fuelled, double-digit, productivity-killing house price inflation.
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