Premium properties drive price rebound

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Following on from this morning’s MB report covering the five major capitals, CoreLogic has released its full dwelling value results for November, which also captures the smaller markets and regional areas:

As shown above, the smaller capitals and regions also had a mostly positive month in November, with Hobart (+2.3%), Canberra (+1.6%) and the combined regions (+0.5%) recording rises, whereas Darwin (-1.2%) recorded a fall.

According to CoreLogic, the premium end of the market (i.e. top 25% by value) is experiencing the strongest price gains nationally:

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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.