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In the week ended 7 October, the CoreLogic daily dwelling values index surged 0.42% – the same rate of growth as the prior week:
All major markets recorded rising values. Note, Perth’s daily index has been updated by CoreLogic after anomalies were discovered:
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Quarterly price growth remains turbo-charged but slowing at 4.57% across the five major capitals. Brisbane (6.11%) leads the way, followed by Adelaide (5.60%), Sydney (5.58%), Melbourne (3.31%) and Perth (1.38%):
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About the author
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.