Residex index remains at odds with CoreLogic’s

Monday 6 March 2017

The Residex house and unit price results for January have been released, which revealed falling prices over the month at the national level, as well as across Sydney and Melbourne:

However, over the year to January, house prices nationally rose by 4.9%, led by Hobart (+7.8%), Melbourne (+5.9%), and Sydney (+4.6%), whereas values continued to decline across the mining strongholds of Perth (-3.6%) and the NT (-5.7%).

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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.