CoreLogic weekly house price update: Heavy falls

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In the week ended 28 May 2020, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, fell by 0.27%:

It was the third consecutive weekly decline.

The falls were driven by Sydney and 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.