CoreLogic’s daily dwelling values index for the week ended 18 February registered the strongest result in years with values across the five major capitals surging by 0.55%:
All five major markets recorded rises, with Sydney, Melbourne and Perth values soaring:
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So far in February, dwelling values across the five major markets have risen by 1.10%, with Sydney (1.33%), Melbourne (0.99%), Brisbane (0.99%) and Perth (1.11%) all recording turbo-charged growth:
Quarterly value growth has accelerated to 2.95% across the five major markets, led by Perth (4.53%), Brisbane (3.68%) and Adelaide (3.20%):
However, annual price growth remains soft; although this is because of falls across Melbourne and strong growth at the same time last year:
There’s no denying that the Australian housing market is booming right now.