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In the week ended 14 November 2019, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, surged another 0.34%:
The rise in values was broad-based, but driven by Sydney followed by Melbourne:
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Quarterly dwelling values continue to rise strongly, driven by Sydney and Melbourne, where prices are rocketing:
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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.