CoreLogic weekly Australian house price update: stable

In the week ended 11 July 2019, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, fell by 0.01%:

Values fell across two major markets, were flat across two, and rose in one:

The quarterly decline is running at 0.89%, with all major markets suffering losses:

Annual losses are running at 8.2%, driven by Sydney, Melbourne and Perth:

The next chart plots month-end price growth across the major capitals, which shows stabilisation across Sydney, Melbourne and at the 5-city level:

Finally, dwelling values have fallen by 10.8% since their most recent peak, led by Sydney (-14.9%), Melbourne (-11.0%) and Perth (-20.0%):

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