More confirmation house prices rocketed in December quarter

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:

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:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

Share

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.