Note: Perth’s index suspended.

Quarterly price growth remains turbo-charged but slowing at 4.94% across the five major capitals. Sydney (6.26%) continues to lead the way, followed by Brisbane (6.06%), Adelaide (5.40%) and Melbourne (3.76%):

Note: Perth’s index suspended.

So far in 2021, Australian dwelling values have risen by 16.0%, led by Sydney:

Note: Perth’s index suspended.

Over the past 12 months, Australian dwelling values have risen 17.8%, led by Sydney (21.7%), Brisbane (20.0%) and Adelaide (18.2%):

Note: Perth’s index suspended.

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

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Unconventional Economist

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.

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