CoreLogic: Aussie property values surge 2.3% in May

Advertisement

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:

CoreLogic monthly dwelling value changes

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:

CoreLogic May 2021 dwelling value changes

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.