Australia - CoreLogic RPData house price index for July: +2.8% m/m (prior was 2.1%)

Australia - CoreLogic RPData house price index for July: +2.8% m/m (prior was 2.1%)

• +2.8% m/m and +11.1% y/y (+9.8% prior)
• Sydney house prices +18.4% y/y (+3.3% m/m)
• Melbourne +11.5% y/y (and +4.9% m/m .... biggest monthly jump on record)

Other capitals and areas not nearly as strong:

• Brisbane 0.5% m/m & 3.9% y/y
• Adelaide -1.1% & 3.4%
• Perth 0.1% & -0.3%
• Hobart 1.1% & 2.5%
• Darwin 0.4% & -5.3%
• Canberra 0.3% & 1.2%