January home value index results

The national property market has started off the new year on a strong footing, as expected, following the seasonal slowdown. While Melbourne and Sydney recorded the lowest growth of the capital cities in January at 0.4%, we expect that to gain pace now that the holiday season is coming to an end. Below are some of the highlights from the results.

  1. Dwelling values rise across every capital city.
  2. The national index increased by 0.9% over January, holding steady from 1.0% in December, and on track for annualised growth of in excess of 10%.
  3. Darwin clocks in 2.3% value increase for the second month in a row, and now sits at value growth of 11.4% over the last 12 months.
  4. Hobart and Perth started the year strong, with 1.6% growth.
  5. Canberra continues to outperform, with 1.2% growth in January and the second highest increase in values over the last 12 months of 8.5%.
  6. Regional areas continue to outperform capital cities, recording 1.6% growth in January V 0.7% in the capital cities, and 7.9% over the past 12 months V 1.7% across the capital cities.

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