CoreLogic weekly house price update: Everything up

In the week ended 5 August, the CoreLogic daily dwelling values index increased another 0.43%:

Big rise

All major markets recorded rising values:

Broad-based rises.

Quarterly price growth remains turbo-charged at 5.99% across the five major capitals. Sydney (7.75%) continues to lead the way, followed by Brisbane (6.38%), Adelaide (5.24%), Melbourne (4.64%) and Perth (1.60%):

Strong everywhere but Perth.

So far in 2021, Australian dwelling values have risen by 14.2%, led by Sydney:

Sydney and Brisbane leading.

Over the past 12 months, Australian dwelling values have risen 15.4%, led by Sydney (18.9%), Brisbane (17.8%) and Adelaide (15.9%):

Universally strong annual rises.

So far COVID lockdowns and restrictions have had minimal impact on the market.

Unconventional Economist
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