Australian Property

RP Data house prices jump in August

Leith van Onselen
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By Leith van Onselen

RP Data’s daily house price index for 31 August was released yesterday, which has enabled me to calculate monthly price movements for the five major capital city markets.

As shown below, home values at the 5-city rose by 1.18% in August, driven by a big 1.84% gain in Sydney and a 2.26% jump in Adelaide, although gains were recorded across all major markets:

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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.