Home prices have continued to rise in January and Melbourne has well and truly led the charge.
Melbourne prices increased by 3.2 per cent in January and rose by almost 12 per cent in the year to January. During January Sydney increased by only 0.8 per cent but the overall yearly increase was a pleasing 13.4 per cent.
Home values are now almost 5 per cent higher than their last peak which was in October 2010.
According to the RP Data Rismark Home Value Index capital city home values rose 9.8 per cent in the year to January
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