CoreLogic weekly house price update: Boom time!

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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.

While all major capitals rose in value over the past week, Sydney led the way recording 0.60% growth:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.