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…