CoreLogic weekly house price update: Melbourne slowing

In the week ended 23 September, the CoreLogic daily dwelling values index increased another 0.29%:

All major markets recorded rising values. Note, Perth’s daily index has been suspended while CoreLogic investigates anomalies:

Values have so far risen by 1.03% this month, with all major markets rising:

Quarterly price growth remains turbo-charged but slowing at 4.63% across the five major capitals. Brisbane (6.08%) leads the way, followed by Sydney (5.81%), Adelaide (5.42%) and Melbourne (3.45%):

So far in 2021, Australian dwelling values have risen by 16.8%, led by Sydney:

Over the past 12 months, Australian dwelling values have risen 18.7%, led by Sydney (22.9%), Brisbane (20.9%) and Adelaide (18.7%):

COVID lockdowns and restrictions continue to have limited impact on property prices with Melbourne feeling the pinch more than Sydney.

Unconventional Economist

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