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CoreLogic’s dwelling price results for the December quarter reported turbo-charged growth, driven by Sydney and Melbourne where values rose by more than 6% over the quarter:
This pace of growth matched or exceeded the growth rates experienced at the heights of the 2015 and 2017 boom periods:
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Over the weekend, Domain released its price results for the December quarter. This also recorded explosive growth, with house prices across the combined capitals surging by 4.2% over the quarter, driven by 5.7% growth across Sydney and 5.0% across Melbourne:
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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.