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In the week ended 23 December, the CoreLogic daily dwelling values index rose only 0.11%:
Brisbane and Adelaide drove growth, whereas Melbourne fell:
So far in December, dwelling values have risen by 0.42% across the five major markets led by super strong growth across Brisbane and Adelaide. Melbourne values have fallen:
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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.