RP Data weekly Australian house price index

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In the week ended 2 June 2016, the Core Logic-RP Data 5-city daily dwelling price index, which covers the five major capital city markets fell by 0.15%:

ScreenHunter_13315 Jun. 02 14.13

Values fell in all major capitals except Perth:

ScreenHunter_13310 Jun. 02 14.09

Since the beginning of the year, home values have risen by 4.83%, with all capitals except Perth recording increases (see next chart).

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ScreenHunter_13313 Jun. 02 14.11

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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.