In the week ended 5 December 2019, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, surged another 0.41%:
The rise in values was broad-based, but again driven by Sydney and Melbourne:
Quarterly dwelling values continue to rise strongly, driven by Sydney and Melbourne, where prices are rocketing:
The rebound across Sydney and Melbourne has driven annual gains nationally, although Perth continues to crash:
The next chart plots month-end price growth across the major capitals (to end-November), which shows strong rebounds across Sydney and Melbourne, which have driven an increase at the 5-city level:
Finally, dwelling values have fallen by 5.3% since their most recent peak, led by Sydney (-7.7%), Melbourne (-3.40%) and Perth (-21.3%):
The strong rebound continues.