CoreLogic Weekly Australian house price update: more rises

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In the week ended 1 August 2019, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, rose another 0.05%:

It was the third consecutive weekly rise.

The growth in values across the five major markets was driven by Sydney and Melbourne, which more than offset losses across the other major markets:

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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.