Expert insights Investing April showers on 2013 house price growth parade as decline comes to capital city home values: RP Data
April showers on 2013 house price growth parade as decline comes to capital city home values: RP Data
Jonathan ChancellorDecember 7, 2020
Nothing wrong with the weekend clearance rates, but price growth is a lot harder to discern.
Indeed based on the flows of RP Data’s daily index data, the housing market over the month of April is looking softer than what was recorded over the first quarter of 2013.
Based on the rpdata-Rismark Home Value Index, national dwelling values were up 2.8% over the first three months of the year, however it now stands at around 2.1%. It is likely that when they report the indices for the month of April it will be reporting a decline. Maybe around 0.5%.
As RP Data's Cameron Kusher recently pointed out the first quarter of the year has historically been the strongest in terms of value growth.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
