In the week ended 22 July, the CoreLogic daily dwelling values index increased another 0.31% – the smallest weekly increase since early February:
All major markets record rising values:
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So far in July, dwelling values have risen by 1.16%, 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 13.4%, led by Sydney:
Over the past 12 months, Australian dwelling values have risen 14.1%, led by Sydney (17.4%), Brisbane (16.5%) and Adelaide (15.3%):
It will be interesting to see whether the growing COVID outbreaks and lockdowns further slow the market.
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