CoreLogic: Spring to present headaches for housing market

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Following on from Friday’s post on CoreLogic’s daily dwelling values index results for August, which showed that Australian dwelling values fell for the 11th consecutive month, CoreLogic has released its full results, which also cover the smaller capitals and regional areas (see next table).

As shown above, the smaller capitals and the regions had a mixed month, with Darwin (+0.1%) and Canberra (+0.5%) posting positive results, whereas the combined regions posting falls (-0.2) and Hobart (-0.1%) fell.

CoreLogic also shows that capital city quarterly growth (-1.2%) continues to run below regional growth (-0.6%):

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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.