RP Data weekly Australian house price update

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By Leith van Onselen

In the week ended 27 August 2015, the Core Logic-RP Data 5-city daily dwelling price index, which covers the five major capital city markets, fell by 0.40% – the first decline in values for 11 weeks (see next chart).

ScreenHunter_9064 Aug. 27 16.44

All major markets except Brisbane recorded falls:

ScreenHunter_9055 Aug. 27 16.33

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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.