RP Data / Core Logic July Home Value Index

  • +0.8% on the month (prior +0.5%) to a fresh record high
  • +6.3% since January
  • +6.1% y/y (The lowest rate of growth since September 2013. But at least its something for the doomers who were calling for a 50% price fall back in February. Be careful who you listen to.)

Comments from the report:

  • Mr Lawless said, "The recent moderation in the rate of capital gains should be viewed as a positive sign that growth in dwelling values may be returning to more sustainable levels. However, the growth trend rate is still tracking considerably faster than income growth resulting in a deterioration of housing affordability."