Australian house prices dip in slow December-RP data

Figures from property consultant RP Data-Rismark showed Sydney had been the nation's best performer, with dwelling values up 0.4 percent in December. The median dwelling price for Sydney stood at A$485,000 ($512,700).

RP Data-Rismark also revised up the November index for dwellings in capital cities to 0.4 percent from 0.1 percent, marking the largest month-on-month improvement since May 2010.