Aussie property values rise another 0.9% in January

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CoreLogic’s dwelling price results have been released for January, which reveals another 0.9% increase in values over the month at the 5-city level, driven by more strong rises across Sydney (1.1%) and Melbourne (1.2%):

It was the seventh consecutive monthly acceleration in home values at the 5-city level:

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Over the January quarter, dwelling values rose by 4.3% across the major capitals:

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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.