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%):
- CBA: Household income still booming - September 18, 2020
- CoreLogic: Inner-city rents hammered - September 18, 2020
- Migrant-stuffed Western Sydney will bake under concrete - September 18, 2020
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