Sydney dwelling values record first rise in 28 weeks

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By Leith van Onselen

The deflation of Sydney’s housing market was halted this week, with Sydney recording its first increase in dwelling values in 28 weeks:

In the week to 22 March, CoreLogic recorded a 0.05% rise in Sydney dwelling values. However, values have still declined by a cumulative 4.1% over that 28-week period, and dwelling values also down 4.0% over the past 33 weeks.

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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.