CoreLogic weekly house price update: More rises

In the week ended 19 November 2020, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, rose another 0.17%:

It was the fifth consecutive weekly rise.

All major markets recorded value rises:

So far in November, dwelling values have risen by 0.33%, with all major capitals rising:

Quarterly value changes have also turned 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 2.6% from their pre-COVID peak, driven by Melbourne (-5.5%):

The rebound continues…

Unconventional Economist

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