2012 Property prices – February 2012 update on capital cities

According to the latest home price index from RP Data-Rismark, capital city dwelling values in February 2012 rose by 0.8 per cent, after a 1 per cent fall in January 2012.

Home values jumped by 5 per cent in Darwin, 2.2 per cent in Hobart, 1.8 per cent in Melbourne, 1.9 per cent in Canberra, 1 per cent in Adelaide and 0.8 per cent in Sydney to the end of February.

They fell 0.1 per cent in Brisbane and 1.8 per cent in Perth.

RP Data is planning to launch a daily capital city house price index which will also account for the number of bedrooms, bathrooms, land area and location of a property to allow for “accurate analysis of true value movements across specific housing markets.”

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