CoreLogic weekly Australian house price update

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In the week ended 15 September 2016, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets jumped by 0.91%:

ScreenHunter_14956 Sep. 15 20.22

Values rose in three capitals and fell in two:

ScreenHunter_14954 Sep. 15 20.18

Since the beginning of the year, home values have risen by 8.91%, with all capitals except Perth recording increases (see next chart).

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ScreenHunter_14951 Sep. 15 20.17

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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.