CoreLogic: House price boom losing momentum

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

As shown above, the smaller capitals and regions also had a positive month in January, with Hobart (+0.9%), Canberra (+0.3%), Darwin (+0.1%) and the combined regions (+0.9%) all recording rises.

However, according to CoreLogic, momentum is slowing as affordability becomes stretched:

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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.