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It has been another red hot week for Australia’s property market with the CoreLogic daily index surging another 0.59% across the five major capitals in the week ended 25 March:
Weekly property price growth is running well above the last cycle.
Sydney once again led the price growth (0.73%), followed by Brisbane (0.57%), Melbourne (0.54%), Perth (0.34%) and Adelaide (0.33%):
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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.