CoreLogic weekly house price update: Perth tanking

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In the week ended 28 October, the CoreLogic daily dwelling values index increased another 0.25%:

All major markets recorded rising values with the exception of Perth, where prices tanked by 0.28%:

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Values have so far risen by 1.27% this month, led by Brisbane (2.30%) with Perth falling 0.21%:

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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.