Every capital city except Hobart saw dwelling values rise in June, with Sydney continuing to lead the cycle, up another 1.7% in June to be 6.7% higher since values found a floor in January.  In dollar terms, Sydney’s median dwelling value is rising by roughly $4,262 a week.

A lack of available supply continues to be the main factor keeping upwards pressure on housing values.  Through June, the flow of new capital city listings was nearly -10% below the previous five-year average and total inventory levels are more than -25% below average.  Simultaneously, our June quarter estimate of capital city sales is tracking 2.1% above the previous five-year average.

Read the full transcript here or watch the capital city video updates below for the latest news:

• NSW update

• VIC update

• QLD update

• WA update

• SA update