RP Data weekly Australian house price update

Friday, 6 March 2015

In the week ended 5 March 2015, the Core Logic-RP Data 5-city daily dwelling price index, which covers the five major capital city markets, rose by 0.23% – the second consecutive weekly rise (see next chart).

The rise in home values was driven entirely by Sydney and Melbourne, which more than offset falls in Adelaide and Perth (see next chart).

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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.