CoreLogic weekly house price update: Chugging along

In the week ended 13 February 2020, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, rose another 0.25%:

The rise in values was fairly broad-based:

Quarterly dwelling values continue to rise strongly, driven by Sydney and Melbourne, where prices are still rocketing:

The strong rebound across Sydney and Melbourne has driven annual gains nationally, although Perth continues to crash:

The next chart plots month-end price growth across the major capitals (to end-January), which shows strong rebounds across Sydney and Melbourne, which have driven an increase at the 5-city level:

Finally, dwelling values are down by 3.0% since their most recent peak, driven by Sydney (-4.8%) and Perth (-21.3%):

More of the same.

Leith van Onselen

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