Friday 25 May 2012
While capital city dwelling values are down -4.5% over the past 12 months, the performances across broad price segments of the market are quite diverse.
Capital city home values have fallen across each capital city market over the past 12 months however, when we drill down our analysis across the broad price segments of the market it is clear there are different dynamics at play.
The RP Data-Rismark Stratified Hedonic Index measures how dwelling values have changed across three broad price segments: the most affordable 20% of capital city suburbs (affordable market), the middle 60% of suburbs (middle market) and the top 20% of suburbs (premium market). The index provides further insight into the performance of market subsets rather than just focusing on the overall market performance.