Dwelling prices trending up in major capital cities but at uneven growth rates: RBA chart pack

Dwelling prices are trending up in five out of six of Australia’s major capital cities, albeit at different rates of uneven growth.

The strongest upward trends are in Sydney and Perth, the latest RBA chart pack's dwelling price graph shows.

The graph uses RP Data- Rismark data.

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More insipid growth is occurred in Melbourne, Brisbane and Canberra while the Adelaide market has shown little sign of improving and is still well below its 2009 peak.

Sydney, Perth and Canberra dwelling prices are all close to their previous peaks.

Regional dwelling prices have hardly changed over the past four years.

AMP Capital Investors chief economist Shane Oliver has highlighted that the current recovery in dwelling prices following the start of the current monetary policy easing cycle (beginning in November 2011) is the weakest compared with the three previous easing cycles.

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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