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Video: House prices up, but growth slowing

house spotlight

What house prices mean for first home buyers, investors and today's RBA meeting.

House prices are continuing to grow across Australia's capital cities, according to the newest CoreLogic Hedonic Home Value Index. Prices were up 0.8% for July, taking capital city home values up 6.3% for the first seven months of 2016.

While prices may be growing, the pace of growth is moderating. CoreLogic head of research Tim Lawless explained to what the results mean for affordability, and how they could impact the Reserve Bank's cash rate decision.

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