Annual capital city growth trend reaches new high

Capital city dwelling values rose a further 1.4% in February, with Sydney continuing as the overall capital gains leader.”

The monthly CoreLogic Hedonic Home Value Index reported a further rise in the value of capital city dwellings in February, with values rising 1.4% over the month. The strong capital gain over February was led by Canberra (+3.2%) and Sydney (+2.6%), with Melbourne (+1.5%) and Hobart (+1.0%) also returning significant increases. In contrast, dwelling values were down over the month across Darwin (-4.3%), Perth (-2.4%) and Brisbane (-0.4%).

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