Values have so far risen by 0.77% this month, with all major markets rising:

Quarterly price growth remains turbo-charged but slowing at 4.52% across the five major capitals. Brisbane (6.30%) leads the way, followed by Adelaide (5.52%), Sydney (5.50%), Melbourne (3.28%) and Perth (1.17%):

So far in 2021, Australian dwelling values have risen by 18.2%, led by Sydney:

Over the past 12 months, Australian dwelling values have risen 20.2%, led by Sydney (24.8%), Brisbane (22.6%) and Adelaide (19.5%):

COVID lockdowns and restrictions continue to have minimal impact on property prices. Perversely, the least impacted market – Perth – is growing slowest.

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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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