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Domain has released its September quarter house price report, which recorded a strong rebound in dwelling values driven by rampaging growth across Sydney and Melbourne.
As shown in the next table, house prices across the combined capitals surged by 2.7% over the quarter, driven by 4.8% growth in Sydney and 4.1% growth in Melbourne:
However, Brisbane, Adelaide, Perth and Canberra each recorded losses over the quarter.
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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.
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