Home values finished the year strong with a rise in December.
RP Data Home Value Index has seen dwelling values rise by 0.9% in December across the combined capitals. The result took 2014’s annual increase in home values to 7.9%.
Prices rose in all capital cities except for Darwin and Canberra, which each saw values decline 0.6%. Sydney, which drove price appreciation for much of 2014, was unchanged in December.
For the three months to December, Perth was the best performing capital city, with prices rising 2.8%. Canberra was weakest, as home values fell 3.4%.
On an annualised basis, Sydney once again led the way. Values in Sydney rose 12.4% over 2014. Canberra was the only capital city which saw a year-on-year decline, with values edging down 0.6%.