CoreLogic: Get ready for a “V-shaped recovery” for property

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Following on from this morning’s post on CoreLogic’s daily dwelling values index results for August, CoreLogic has released its full results, which also cover the smaller capitals and regional areas (see next table).

As you can see, Sydney (1.6%), Melbourne (1.4%), Brisbane (0.2%), Hobart (0.5%), and Canberra (0.8%), all registered rising dwelling values in August, whereas Adelaide (-0.2%), Perth (-0.5%) and Darwin (-1.2%) recorded falls.

The below chart shows the change in dwelling values over various time periods:

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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.