CoreLogic has released its 5-city dwelling values index for the week ended 11 February 2021, which shows that the property price boom is gathering pace, with dwelling values surging another 0.42%:
It was the 17th consecutive weekly increase and also the strongest pace of growth since the week ended 28 November 2019.
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While all major capitals rose in value over the past week, Sydney led the way recording 0.60% growth:
Quarterly growth continues to strengthen, rising to 2.57% at the 5-city level. Moreover, the smaller capitals continue to lead the way:
However, annual price growth remains soft at only 1.6%; although this is due to falls across Melbourne alongside strong growth recorded at the same time last year:
Australia’s property market continues to heat up!
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