CoreLogic weekly house price update: Two-speed

In the week ended 2 December, the CoreLogic daily dwelling values index increased another 0.20%:

All major markets except Perth recorded rising values, again led by Brisbane and Adelaide:

Quarterly price growth remains strong but slowing at 3.91% across the five major capitals. Brisbane (7.43%) and Adelaide (6.53) lead the way, followed Sydney (4.31%), Melbourne (2.40%) and Perth (0.53%):

So far in 2021, Australian dwelling values have risen by 20.2%, led by Sydney (25.1%), Brisbane (25.1%) and Adelaide (20.3%):

The Australian property is clearly becoming multi-speed. Perth is lagging badly, whereas Sydney and Melbourne are losing steam. By contrast, Brisbane and Adelaide are booming.

Unconventional Economist
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