According to RP Data-Rismark’s market-leading Hedonic Home Value Index, Australian capital city dwelling values continued to consolidate in the month of October with a small seasonally-adjusted rise of 0.3% (+0.6%raw). In the first 10 months of the year, Australian capital city dwelling values have risen by a modest 4.3% (s.a.) (or +5.7% raw), which is broadly in line with disposable income growth. Capital gains in the twelve months to end October have been a solid 6.5% due to the double-digit annualised growth recorded in late 2009 and early 2010. Based on the RP Data-Rismark Index, the market peaked in May 2010 with capital city home values tapering since that time (-0.7%s.a., -0.6% raw).
