CoreLogic weekly Australian house price update: falls

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In the week ended 8 August 2019, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, retraced by 0.05%:

It was the first decline in four weeks.

The fall in values was broad-based, with all major markets falling:

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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.