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The combined Rpdata.com/Rismark November International Home Value Index Results are out. Highlights listed below:

Australian home prices rise by +1.1% in November with 11.3% cumulative growth in first 11 months of 2009; results driven by robust gains in Sydney (+11.6% for year) and Melbourne (+17.0% for year).

Over the first 11 months of 2009, Australian home values have now risen by 11.3 per cent following on from their modest 3.8 per cent peak-to-trough falls in 2008.
The most important story of 2009 has been the extraordinary recovery in the Melbourne and Sydney housing markets. In the three months to end November, home values in Melbourne and Sydney have outperformed most other capitals rising by 4.5 per cent and 3.2 per cent, respectively (see summary tables for more).

Key Statistics
National dwelling values up 1.1% in month of November
National dwelling values up  11.3% over first eleven months of ‘09

Capital growth and median dwelling prices

Australian capital cities, first eleven months of 2009
Sydney values ↑ 11.6% ($475,000)
Melbourne values ↑ 17.0% ($450,000)
Brisbane values ↑ 6.9% ($426,750)
Adelaide values ↑ 5.7% ($355,500)
Perth values ↑ 6.5% ($460,000)
Darwin values ↑ 17.9% ($445,000)
Canberra values ↑ 10.9% ($461,500)
Hobart values ↑ 14.2% ($310,050) (Hobart data is based on final October figures)

Best performing capital city:  Darwin, with home values up 17.9% over first eleven months of 2009
Weakest performing capital city:  Adelaide, with home values up 5.7% over the first eleven months of 2009
Highest rental yields:  Darwin with gross rental yield of 5.7% for houses and 6.0% for units
Lowest rental yields:  Melbourne with gross rental yields of 3.7% for houses and 4.4% units
Shortest average no. days on market:  Houses:  Canberra – 23 days.  Units:  Perth – 22 days

 
Source: RP Data/Rismark
Date released: 05/01/2010