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Home prices fall again in August

30 Sep 2010

From Savanth Sebastian - CommSec

House Prices

The RP Data-Rismark Hedonic Australian Home Value Index – the largest property database in Australia –
reported that home prices fell by 0.2 per cent seasonally adjusted terms in August. House prices outside
capital cities were unchanged in the month.
Capital city home prices are up 8.0 per cent on a year ago while prices in the ‘Rest of State’ markets are up
just 3.7 per cent.
Capital city home prices have fallen by 1.2 per cent in the past three months with Perth (-4.8 per cent)
leading the way from Brisbane (-2.3 per cent) and Melbourne (-1.5 per cent).

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