Weekly RP Data Australian house price update (members)

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By Leith van Onselen

In the week ended 24 July 2014, the RP Data-Rismark 5-city daily dwelling price index, which covers the five major capital city markets, rose by 0.02%. It was the sixth consecutive week of rises (see next chart).

ScreenHunter_3472 Jul. 25 07.26

Growth in Sydney, Melbourne and Adelaide were almost fully offset by falls in Brisbane and Perth (see next chart).

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ScreenHunter_3473 Jul. 25 07.27

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.