Aussie home values record strongest rise in 17 years

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CoreLogic yesterday released its 5-city dwelling values index for 28 February 2021, which has allowed me to calculated price growth over the month of February.

Turns out February 2021 was the strongest month for dwelling values since September 2003, with values across the five major markets soaring by 2.1% (see next chart).

Sydney led the rises, recording growth of 2.5% in February, followed by Melbourne (2.1%), Brisbane (1.8%), Perth (1.6%) and Adelaide (0.8%):

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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.