In the week ended 6 May, the CoreLogic daily dwelling values index rose another 0.38%, with growth clearly moderating from the break-neck pace of March and early April.
Sydney (0.52%) continues to lead price growth, with the other major capital cities also growing by between 0.23% (Perth) and 0.29% (Brisbane) over the week:
Quarterly price growth remains turbo-charged at 6.93% across the five major capitals. Sydney (8.99%) continues to lead the way, followed by Brisbane (6.11%), Melbourne (5.87%), Adelaide (4.43%) and Perth (4.07%):
Over the past 12 months, dwelling values across the five major markets have risen by 7.8%, with Sydney’s rising by almost 10%. All major capital city markets are looking at double-digit growth in 2021 with Sydney a chance of topping 20%.
Finally, annual dwelling value growth has accelerated to 6.4% across the five major markets, with all but Melbourne recording solid to strong growth:
In summary, the Australian property boom rolls on. But at least it is beginning to slow.
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