RP Data weekly Australian house price update

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By Leith van Onselen

In the week ended 2 July 2015, the Core Logic-RP Data 5-city daily dwelling price index, which covers the five major capital city markets, jumped by 1.32% – the second consecutive week of rises, both of which were the strongest since the daily index was created in early 2012 (see next chart).

ScreenHunter_8128 Jul. 02 17.22

Values rose across the three biggest markets, but fell in Adelaide and Perth (see next chart).

ScreenHunter_8121 Jul. 02 17.15
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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.