Residex: no surge in Sydney home prices

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By Leith van Onselen

Residex has released its house and unit price results for May, which unlike RP Data’s shows absolutely no surge in Sydney home values.

According to Residex, house values nationally rose by 0.52% over the month to be up by 6.06% over the year. Australian unit values rose 0.87% in May to be up 5.38% over the year (see below table).

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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.