CoreLogic weekly house price update: 13th consecutive fall

In the week ended 6 August 2020, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, fell another 0.15%:

It was the 13th consecutive weekly decline.

Falls were recorded across the three biggest capitals:

Quarterly dwelling values are falling, led by Melbourne:

Annual price growth remains strong but continues to fade:

The next chart plots month-end price growth across the major capitals (to end-August), which shows the down turn across Sydney and Melbourne:

Finally, dwelling values are down 2.4% from their pre-COVID peak, driven by Melbourne (-3.9%):

 

Leith van Onselen
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