Capital city property values rise 1.5% in August

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CoreLogic has released its daily dwelling values index for 31 August, which showed that property values across the major Australian capital city markets surged another 1.5% over the month:

CoreLogic monthly

Still strong, but slowing.

The rise in values was strong across all major capital city markets. Note, Perth’s index has been temporarily suspended due to anomalies:

CoreLogic Monthly movements

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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.