CoreLogic weekly house price update: Another rise

In the week ended 12 November 2020, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, rose another 0.15%:

It was the fourth consecutive weekly rise.

All major markets recorded value rises:

So far in October, dwelling values have risen by 0.16%, with all major capitals rising:

Quarterly value changes are about to turn positive with rises across the smaller capitals offset by falls across Melbourne and Sydney:

However, annual price growth continues to fade because of exceptionally strong growth this time last year:

Finally, dwelling values are down 2.7% from their pre-COVID peak, driven by Melbourne (-5.7%):

The rebound continues…

Unconventional Economist

Comments are hidden for Membership Subscribers only.