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CoreLogic’s dwelling value results for September are out at the 5-city level, with values falling another 0.27% over the month, driven purely by Melbourne and Sydney:
As shown above, all major markets other than Melbourne rose in value in October.
It was the first monthly rise in six months at the 5-city level:
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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.