RP Data weekly Australian house price update

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By Leith van Onselen

In the week ended 12 March 2015, the Core Logic-RP Data 5-city daily dwelling price index, which covers the five major capital city markets, rose by 0.33% – the third consecutive weekly rise (see next chart).

ScreenHunter_6543 Mar. 12 16.56

The rise in home values was driven by Sydney, although all capitals except Adelaide rose in value (see next chart).

ScreenHunter_6545 Mar. 12 17.24
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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.