Residex: House prices jumped in Dec quarter

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By Leith van Onselen

The new look Residex, recently acquired by CoreLogic, has released its house and unit price results for the December quarter, which revealed an acceleration in house values towards the end of 2016:

ScreenHunter_17265 Feb. 06 07.29 ScreenHunter_17266 Feb. 06 07.29

As shown above, Sydney (+3.1%) and Melbourne (+2.5%) house values jumped over the December quarter, with Hobart (+3.3%) also recording strong growth. Elsewhere, price growth was much weaker over the December quarter, with Perth values falling (-1.8%).

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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.