The house price index in Australia rose by 3.9 percent quarter-on-quarter in the three months to December 2019, after a 2.4 percent gain in the previous period and in line with market expectations. This was the highest reading since the fourth quarter 2016, as property prices advanced in most cities: Sydney (4.7 percent vs 3.6 percent), Melbourne (5.2 percent vs 3.6 percent), Brisbane (1.8 percent vs 0.7 percent), Adelaide (1.4 percent vs -0.3 percent), Perth (1.1 percent vs -1.2 percent), Hobart (2.7 percent vs 1.3 percent), and Canberra (3.1 percent vs -0.5 percent). In contrast, property prices fell further in Darwin (-0.8 percent vs -1.2 percent). On an annual basis, prices increased 2.5 percent in the December quarter, after a 3.7 percent fall in the third quarter.
Housing Index in Australia averaged 1.43 percent from 2002 until 2019, reaching an all time high of 6.10 percent in the second quarter of 2002 and a record low of -3 percent in the first quarter of 2019. This page provides the latest reported value for - Australia House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia House Price Index QoQ - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Australian Bureau of Statistics
Housing Index in Australia is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Index in Australia to stand at 2.10 in 12 months time. In the long-term, the Australia House Price Index QoQ is projected to trend around 2.10 percent in 2021, according to our econometric models.