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.