CBA: House prices in L-shaped recovery

Thursday 25 July 2019

Via the excellent Gareth Aird at CBA:

Overview

Australian capital city dwelling prices, led by Sydney and Melbourne, were in a trend decline since late-2017. But most of the leading indicators have turned and suggest that prices will move modestly higher from here. Indeed, the latest data reveals that dwelling prices have inched higher in Sydney and Melbourne over the past two months (chart 1).

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.