Massive gap opens up between regional and capital city property

Monday 28 February 2022

CoreLogic has released its full dwelling value results for February, which shows that dwelling values nationally grew by 0.6% over the month, by 2.7% over the quarter, and by 20.6% year-on-year:

However, there was a massive divergence across the markets, with the combined capitals growing only 0.3% over the month, 1.8% quarter-on-quarter, and 19.2% year-on-year.

By contrast, the combined regions continued to grow strongly, growing by 1.6% in February, by 5.7% quarter-on-quarter, and by 25.5% year-on-year.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.