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Thursday, 12 April 2012

Property Price Indices

Browsing through Moomin's recent posts, I was reminded of the Australian Property Price indices RPdata started publishing recently. Aside from daily index values for each capital city market, they also have a rolling 12-month chart of the indices available here. This chart shows that Sydney property prices have improved a bit since hitting a low point in December 2011. Hopefully this means that my property investment price estimates will also increas in coming months, as my monthly NW calculations rely on monthly sales data for a specific post code area, and have a lag of about three months (ie. my March NW property figure was calculated using the 12-mo to end of Jan price data).

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