CoreLogic weekly house price update: small rise

In the week ended 5 November 2020, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, rose another 0.04%:

It was the third consecutive weekly rise.

All major markets but Melbourne recorded value rises:

Quarterly value declines are slowing fast with rises across the smaller capitals more than 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 2.9% from their pre-COVID peak, driven by Melbourne (-5.9%):

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