CoreLogic’s daily index rockets

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Check out today’s daily index from CoreLogic, which has posted massive rises across both Sydney and Melbourne:

That’s right, Sydney’s prices rose by 0.45% today and Melbourne’s by 0.44%, with the 5-city index up 0.30%.

Accordingly, quarterly growth has now also turned positive.

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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.