The house price index in Australia dropped by 1.8 percent quarter-on-quarter in the three months to June of 2020, after rising 1.6 percent in the previous period and compared to market expectations of a 1 percent fall. This was the sharpest decrease in residential property prices in over a year amid the coronavirus crisis. Sydney led the declines (-2.2 percent vs 1.9 percent), followed by Melbourne (-2.3 percent vs 2.1 percent), Brisbane (-0.9 percent vs 0.6 percent), Adelaide (-0.8 percent vs 0.4 percent), Perth (-0.7 percent vs 0.6 percent), Hobart (-0.4 percent vs 2.4 percent), and Darwin (-1.4 percent vs 0.7 percent). In contrast, property prices rose further in Canberra (0.8 percent vs 0.2 percent). On an annual basis, prices increased 6.2 percent, after a 7.4 percent gain in the March quarter, with rises in all capital cities except Perth and Darwin. source: Australian Bureau of Statistics

Housing Index in Australia averaged 1.45 percent from 2002 until 2020, 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 October of 2020.

Housing Index in Australia is expected to be -0.80 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 2.00 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.

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Australia House Price Index QoQ

Actual Previous Highest Lowest Dates Unit Frequency
-1.80 1.60 6.10 -3.00 2002 - 2020 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-16 01:30 AM House Price Index YoY Q1 7.4% 2.5% 1.9%
2020-06-16 01:30 AM House Price Index QoQ Q1 1.6% 3.9% 2.7% 2.7%
2020-09-15 01:30 AM House Price Index YoY Q2 6.2% 7.4% 6.8%
2020-09-15 01:30 AM House Price Index QoQ Q2 -1.8% 1.6% -1% -1.3%
2020-12-08 12:30 AM House Price Index QoQ Q3 -1.8% -0.8%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Australia Q2 Property Prices Fall More than Estimated
The house price index in Australia dropped by 1.8 percent quarter-on-quarter in the three months to June of 2020, after rising 1.6 percent in the previous period and compared to market expectations of a 1 percent fall. This was the sharpest decrease in residential property prices in over a year amid the coronavirus crisis. Sydney led the declines (-2.2 percent vs 1.9 percent), followed by Melbourne (-2.3 percent vs 2.1 percent), Brisbane (-0.9 percent vs 0.6 percent), Adelaide (-0.8 percent vs 0.4 percent), Perth (-0.7 percent vs 0.6 percent), Hobart (-0.4 percent vs 2.4 percent), and Darwin (-1.4 percent vs 0.7 percent). In contrast, property prices rose further in Canberra (0.8 percent vs 0.2 percent). On an annual basis, prices increased 6.2 percent, after a 7.4 percent gain in the March quarter, with rises in all capital cities except Perth and Darwin.
2020-09-15
Australia Q1 House Prices Rise Less than Estimated
The house price index in Australia rose by 1.6 percent quarter-on-quarter in the first three months of 2020, easing from a 3.9 percent gain in the prior period and below market expectations of a 2.7 percent increase. This was the smallest rise in the house price index since Q4 2017, as property prices advanced less in Sydney (1.9 percent vs 4.7 percent in Q4 2019), Melbourne (2.1 percent vs 5.2 percent), Brisbane (0.6 percent vs 1.8 percent), Adelaide (0.4 percent vs 1.4 percent), Perth (0.6 percent vs 1.1 percent), Hobart (2.4 percent vs 2.7 percent), and Canberra (0.2 percent vs 3.1 percent). Meanwhile, property prices rebounded in Darwin (0.7 percent vs -0.8 percent). According to ABS chief economist Bruce Hockman, the majority of restrictions relating to COVID-19 came into effect in late March and therefore did not have a noticeable impact on property prices in the March quarter. On an annual basis, prices increased 7.4 percent, after a 2.5 percent gain in the December quarter.
2020-06-16
Australia Q4 House Prices Rise the Most in 3 Years
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.
2020-03-17
Australia House Prices Rebound Above Expectations
The house price index in Australia rebounded 2.4 percent quarter-on-quarter in the three months to September 2019 after declining 0.7 percent in the previous period, easily beating market expectations of a 0.2 percent climb. It was the biggest jump in prices since the last quarter of 2016, as prices of properties increased in Sydney (3.6 percent vs -0.5 percent), Melbourne (3.6 percent vs -0.8 percent), Brisbane (0.7 percent vs -0.7 percent), and Hobart (1.3 percent vs 0.5 percent). In contrast, prices fell in Canberra (-0.5 percent vs 0.2 percent), Adelaide (-0.3 percent vs -0.6 percent), Darwin (-1.2 percent vs -1.8 percent) and Perth (-1.2 percent vs -1.4 percent). On an annual basis, prices dropped 3.7 percent after a 7.4 percent decline in the previous quarter.
2019-12-10

Australia House Price Index QoQ
In Australia, House Price Index measures weighted average of price movements for residential properties for eight capital cities: Sydney, Melbourne, Brisbane, Adelaide, Canberra, Hobart, Darwin and Perth. Residential properties are defined as detached residential dwellings on their own block of land regardless of age. .