RP Data weekly Australian house price update

Friday 12 June 2015

In the week ended 11 June 2015, the Core Logic-RP Data 5-city daily dwelling price index, which covers the five major capital city markets, fell by 0.50% – the fifth consecutive weekly decline, which typically happens this time of year (see next chart).

Values fell across Sydney, Melbourne and Perth, but rose in Brisbane and Adelaide (see next chart).

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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.