CoreLogic’s daily index suggests that Sydney and Melbourne dwelling value growth has ground to a halt.
So far in December, Sydney and Melbourne dwelling values have barely risen, whereas Brisbane’s and Adelaide’s are booming. Perth’s dwelling value growth has been weak for months:
The next chart plots quarterly growth across the major markets (except Perth, whose index was updated earlier in the year). As you can see, Sydney and Melbourne dwelling value growth is plummeting, while Brisbane’s and Adelaide have strengthened to their highest rate of growth since the pandemic began:
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The boom looks over for Sydney and Melbourne, whereas there is still juice to be squeezed across Brisbane and Adelaide.
