CoreLogic weekly house price update: Same ole, same ole

In the week ended 16 September, the CoreLogic daily dwelling values index increased another 0.34%:

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

Note: Perth’s index temporarily suspended.

Values have so far risen by 0.74% this month, with all major markets rising:

Note: Perth’s index temporarily suspended.

Quarterly price growth remains turbo-charged but slowing at 4.82% across the five major capitals. Sydney (6.04%) continues to lead the way, followed by Brisbane (6.12%), Adelaide (5.49%) and Melbourne (3.70%):

Note: Perth’s index temporarily suspended.

So far in 2021, Australian dwelling values have risen by 16.4%, led by Sydney:

Note: Perth’s index temporarily suspended.

Over the past 12 months, Australian dwelling values have risen 18.3%, led by Sydney (22.4%), Brisbane (20.5%) and Adelaide (18.6%):

Note: Perth’s index temporarily suspended.

COVID lockdowns and restrictions continue to have minimal impact on property prices.

Unconventional Economist

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