"Positive capital value growth continued throughout 2022, with average increases of 3.2% across the 30 cities in the index. However, rising interest rates and negative sentiment took a hold in the second half of the year"

"Rents outpaced capital values last year, increasing by an average of 5.9% in 2022, and bringing total growth to 10% in the last two years"

"On average, prime residential gross yields have remained stable at 3.0% in 2022. Yields have largely held steady since December 2020, fluctuating by just 10 bps during the pandemic"

"In an environment of rising interest rates, the costs associated with buying, holding and selling a prime residential property are an important consideration"