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:

CoreLogic weekly price growth

All major markets experienced value increases:

CoreLogic weekly house price update

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

CoreLogic quarterly price growth

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:

CoreLogic year-to-date price growth

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

Unconventional Economist

Comments

  1. MB readerMEMBER

    So l just read your piece about buyers fleeing the “dire” Australian housing market and l am now looking at this. Hardly similar conclusions. So which one is misleading? You need to reconcile these sorts of conflicting pieces, otherwise it is a waste of time reading them.

    • The Travelling PhantomMEMBER

      These confusing signs are all over the place.
      Truth is the rarest commodity these days.
      I think the housing market still reporting things from the past, like this article. In the same time projections seems pointing to prices declining like previous article

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