CoreLogic weekly house price update: Inferno

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The past week has been an absolute scorcher for the Australian property market with values surging by 0.72% across the five major capitals, according to CoreLogic’s daily index:

CoreLogic’s daily index reported its strongest weekly rise in years.

As shown above, it was the strongest weekly rise in data dating back to 2017.

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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.