RP Data September house prices: Eastern blast, Western freeze

Tuesday 29 September 2015

Core Logic-RP Data’s dwelling price results are in for September, with a 0.84% rise in values recorded over the month at the 5-city level, driven by a 2.42% gain in Melbourne (see next chart).

The strong recovery in home values after the usual May seasonal decline continues, with values up by 4.09% over the quarter at the 5-city level, driven by Melbourne’s whopping 7.43% quarterly rise and Sydney’s 4.55% surge (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.