CoreLogic weekly house price update: red hot

In the week ended 27 May, the CoreLogic daily dwelling values index surged another 0.52%:

CoreLogic daily dwelling values index

Another week of turbo-charged property gains.

Sydney’s led the way again, with dwelling values rising another 0.66%. All other major capitals also rose strongly in value:

CoreLogic weekly value change

Broad-based boom.

So far in May, dwelling values have risen by 1.97%, led by Sydney (2.57%), with all other major capitals also recording strong growth:

CoreLogic monthly

May is coming in hot!

Quarterly price growth remains turbo-charged at 6.87% across the five major capitals. Sydney (9.01%) continues to lead the way, followed by Brisbane (6.31%), Melbourne (5.39%), Adelaide (5.19%) and Perth (3.71%):

CoreLogic quarterly growth

Quarterly dwelling value growth remains red hot.

So far in 2021, Australian dwelling values have risen by 9.64%, led by Sydney:

CoreLogic year-to-date

Red hot start to the year.

Over the past 12 months, Australian dwelling values have risen 8.6%, with strong growth recorded everywhere but Melbourne:

CoreLogic annual price growth

Strong annual growth everywhere but Melbourne.

The boom rolls on.

Unconventional Economist
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