CoreLogic: Capital city property prices rose 1.6% in July

CoreLogic over the weekend released its daily dwelling values index for July, which showed that property values across the five major Australian capital city markets surged another 1.6% over the month:

CoreLogic July results

Another strong rise, but softer than the previous five months.

The rise in values was strong across all major capital city markets except Perth, with Sydney and Brisbane again leading the way:

CoreLogic July movements

Sydney and Brisbane leading, Perth lagging.

Over the July quarter, dwelling values rose by a whopping 5.9% across the five major capital cities:

CoreLogic quarterly

Still turbo-charged.

Sydney continues to lead quarterly value growth, rising by an insane 9.3%. However, value growth is universally strong outside of Perth:

CoreLogic quarterly changes

Sydney and Brisbane leading, Perth lagging.

The next chart shows the quarterly time series across the five major capitals, with growth slowing across all major markets:

CoreLogic quarterly growth

Quarterly growth slowing.

By contrast, annual dwelling value growth is rising fast across all major capital city markets after falling this time last year:

CoreLogic annual

Annual dwelling value growth still rising.

In short, property prices are still booming; albeit losing some steam. The big exception is Perth, which is lagging behind.

Unconventional Economist
Latest posts by Unconventional Economist (see all)

Comments are hidden for Membership Subscribers only.