CoreLogic weekly house price update: Melbourne falling

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:

Quarterly price growth remains strong but slowing fast at 3.30% across the five major capitals. Brisbane (8.25%) and Adelaide (7.27) lead the way, followed Sydney (3.06%), Melbourne (1.63%) and Perth (0.32%):

So far in 2021, major capital dwelling values have risen by 20.6%, led by Brisbane (27.5%), Sydney (25.1%), and Adelaide (22.5%):

The Australian property is clearly becoming two-speed. Brisbane and Adelaide are booming, whereas the other major capitals are slowing fast, with Melbourne values now falling.

Unconventional Economist

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