In the week ended 13 August 2020, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, fell another 0.20%:
It was the 14th consecutive weekly decline.
Falls were recorded across all major markets:
Quarterly dwelling values are falling fast, led by Melbourne:
Annual price growth remains strong but continues to fade fast:
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 2.6% from their pre-COVID peak, driven by Melbourne (-4.2%):