CoreLogic weekly house price update: Rebound

In the week ended 5 May 2022, CoreLogic’s 5-city dwelling values index rose by 0.18% – the strongest rate of growth since mid-January:

All major markets experienced value increases:

Quarterly price growth remains negative in Sydney and Melbourne, but strongly positive across the other major capitals:

Finally, dwelling values across the five major capitals have risen by 1.9% since the beginning of this year, with Sydney and Melbourne basically flat, turbo-charged growth across Brisbane and Adelaide, and solid growth across Perth:

Australia’s housing market is as two-speed as ever.