The latest Corelogic data shows that their hedonic eight capital city aggregate index rising 0.8 per cent over the month to reach a new record high. But the movements varied considerably across the capital cities and rental yields fell again.
The annual rate of growth, which hit a recent peak at 11.1 per cent across the combined capitals index in October last year, is now tracking at 6.1 per cent; the slowest annual rate of appreciation since September 2013.
Sydney and Melbourne have also seen the annual rate of growth slip back to below 10 per cent, with the July indices showing a respective 9.1 per cent and 7.5 per cent capital gain over the past twelve months. Darwin and Perth remain as the only two capital cities to record a negative movement in dwelling values over the past twelve months, with values in Darwin down 7.6 per cent and Perth values falling by 5.6 per cent.
Capital city rental yields have fallen to a new low of 3.3 per cent, with Melbourne down to 2.6% and Sydney 3.9 per cent.
