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.