CoreLogic weekly house price update: Sharp deceleration

In the week ended 16 December, the CoreLogic daily dwelling values index rose only 0.03%:

Brisbane and Adelaide were the only markets to record growth:

So far in December, dwelling values have risen by 0.31% across the five major markets led by super strong growth across Brisbane and Adelaide:

Quarterly price growth remains strong but slowing at 3.49% across the five major capitals. Brisbane (8.04%) and Adelaide (6.89) lead the way, followed Sydney (3.39%), Melbourne (1.94%) and Perth (0.36%):

So far in 2021, major capital dwelling values have risen by 20.5%, led by Brisbane (26.7%), Sydney (25.1%), and Adelaide (21.7%):

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

Unconventional Economist
Latest posts by Unconventional Economist (see all)

Comments are hidden for Membership Subscribers only.