RP Data: Sydney home values rise strongly in August

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By Leith van Onselen

Core Logic-RP Data’s price results are in for August, with a 0.42% rise in values recorded over the month at the 5-city level, driven by a 1.14% gain in Sydney (see next chart).

ScreenHunter_9079 Aug. 31 09.56

The strong recovery in home values after the usual May seasonal decline continues, with values up by 5.49% over the quarter at the 5-city level, driven by Melbourne’s whopping 7.95% quarterly rise and Sydney’s 7.36% surge (see next chart).

ScreenHunter_9077 Aug. 31 09.46
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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.