RP Data’s price results are in for July, with the Sydney/Melbourne bubbles blowing-off in a big way as the daily index recorded a 2.80% jump in values over the month at the 5-city level, with all major capitals except Adelaide recording gains (see next chart).
The strong recovery in home values after the usual May seasonal decline continues, with values also up by 4.05% over the quarter at the 5-city level, driven by Melbourne’s whopping 6.11% quarterly rise and Sydney’s 5.39% surge (see next chart).
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