No wonder so many investors have given up on Aussie shares with such consistently dismal returns.
Look a bit more closely, though, and you may note that Melbourne unit values were reported as being down by -1.1 per cent over the past quarter following a weak monthly result.
Brisbane & Gold Coast home values were up a steadier +4.7 per cent year-on-year, having increased by +1.5 per cent over the quarter.
Across Australia's 8 capital cities, home values were +9.3 per cent higher than a year ago.
I've noted here on several occasions that Darwin's housing market rather surprisingly seems to be finding a base, and indeed Darwin dwelling prices now moving into the black again to be up by +1.1 per cent.