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Home prices rise in March: RP Data-Rismark

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By a staff reporter

The value of Australian homes continued to push higher in March, rising for the third consecutive month, according to a leading survey.

The RP Data-Rismark Home Value Index showed an average increase of home prices in the month of 1.3 per cent.

Year-on-year, the average home value lifted 2.4 per cent.

Perth recorded the highest level of growth over the month with house values surging 3.4 per cent, while Hobart and Darwin also booked solid gains, rising 2.5 per cent and 2.4 per cent respectively.

Adelaide was the only capital city that failed to record a rise, finishing the month flat.

In Sydney house prices rose 1.5  per cent in the month, while Melbourne grew 0.8 per cent and Brisbane increased 0.9 per cent.

Canberra added 0.4 per cent.

Quick Summary: 
Perth leads growth charge, with all capital cities avoiding negative territory.
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