In the week ended 29 July, the CoreLogic daily dwelling values index increased another 0.31% – the equal smallest weekly increase since early February:
All major markets except Perth recorded rising values:
So far in July, dwelling values have risen by 1.48%, led by Sydney and Brisbane:
Quarterly price growth remains turbo-charged at 6.19% across the five major capitals. Sydney (8.24%) continues to lead the way, followed by Brisbane (6.16%), Adelaide (5.54%), Melbourne (4.59%) and Perth (1.92%):
So far in 2021, Australian dwelling values have risen by 13.7%, led by Sydney:
Over the past 12 months, Australian dwelling values have risen 14.7%, led by Sydney (18.1%), Brisbane (17.1%) and Adelaide (15.7%):
It will be interesting to see whether the growing COVID outbreaks and lockdowns further slow the market. So far they have had only minor impact.