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CoreLogic has released its daily dwelling values index for 31 May, which shows that property values across the five major Australian capital city markets surged another 2.3% over the month:
May recorded another strong lift in combined capital city dwelling values.
The rise in values was broad-based with all major capital city markets recording strong increases. However, Sydney again led the way followed by Brisbane:
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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.