RP Data release June 2013 Australian housing market update

RPData's Tim Lawless has released the June housing market update with dwelling values falling by 1.2%.

The result was the second consecutive drop in capital city home values, after the index showed a 0.5% fall over the month of April.

However values have recovered 2.9% since the recent low which was at about the same time last year.

The 1.7% drop coincides with two months of falling consumer confidence.

Despite these negative headline figures, a variety of other housing market indicators suggest the market is experiencing much more robust conditions.