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In the week ended 16 January 2019, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, rose another 0.14%:
The rise in values was fairly broad-based, but again driven by Sydney and Melbourne:
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So far in January, dwelling values have risen by 0.39%, driven by Melbourne and Sydney:
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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.