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November’s dwelling price results from CoreLogic revealed booming rises in dwelling values, driven by Sydney and Melbourne:
However, while dwelling values are inflating at an annual pace of nearly 20% across the major capitals, rents continue to languish, with Sydney’s continuing to fall:
Rental markets are continuing to show a sluggish performance, with rents unchanged over the month across the combined capitals and rising 0.2% over the month across the combined regional areas of Australia.
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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.