House price index in Australia dropped by 3 percent quarter-on-quarter in the three months to March of 2019, worse than market expectations of a 2.5 percent fall and following a 2.4 percent decrease in the previous quarter. It was the biggest decline on record, as prices of properties fell in all capital cities: Sydney (-3.9 percent), Melbourne (-3.8 percent), Brisbane (-1.5 percent), Darwin (-1.8 percent), Perth (-1.1 percent), Canberra (-0.9 percent), Hobart (-0.4 percent), and Adelaide (-0.2 percent). Through the year to March, home prices prices slumped 7.4 percent, after falling 5.1 percent in the prior quarter. "These results are in line with soft housing market indicators, with sales transactions and auction clearance rates lower than one year ago, and days on market trending higher," said ABS Chief Economist, Bruce Hockman. 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.

Housing Index in Australia is expected to be -1.80 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 1.00 in 12 months time. In the long-term, the Australia House Price Index QoQ is projected to trend around 2.10 percent in 2020, according to our econometric models.

Australia House Price Index QoQ
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-19 12:30 AM House Price Index YoY Q4 -5.1% -1.9% -0.4% -0.8%
2019-03-19 12:30 AM House Price Index QoQ Q4 -2.4% -1.5% -2% -1.7%
2019-06-18 01:30 AM House Price Index YoY Q1 -7.4% -5.1% -1.5%
2019-06-18 01:30 AM House Price Index QoQ Q1 -3% -2.4% -2.5% -1.9%
2019-09-18 01:30 AM House Price Index QoQ Q2 -3% -1.8%
2019-09-18 01:30 AM House Price Index YoY Q2 -7.4% -4%
2019-12-12 12:30 AM House Price Index QoQ Q3

Australia Housing Last Previous Highest Lowest Unit
Building Permits 0.70 -3.40 31.80 -21.80 percent [+]
New Home Sales 5198.00 4036.00 20768.00 4036.00 Units [+]
Housing Index -3.00 -2.40 6.10 -3.00 percent [+]
Home Ownership Rate 65.00 67.00 71.40 65.00 percent [+]
Construction Output -1.90 -3.10 17.80 -18.90 percent [+]
Construction Pmi 43.00 40.40 60.50 29.24 Index Points [+]

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. . 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-3.00 -2.40 6.10 -3.00 2002 - 2019 percent Quarterly

Country Last Previous
Argentina 899.05 May/19
Australia -3.00 Mar/19
Brazil 129.50 Jun/19
Canada 103.10 May/19
China 10.30 Jun/19
Euro Area 115.85 Mar/19
France 108.48 Mar/19
Germany 161.72 Jun/19
India 105.00 Dec/18
Indonesia 209.46 Jun/19
Italy 97.80 Mar/19
Japan 115.47 Mar/19
Netherlands 130.40 May/19
Russia 6.30 Dec/18
Saudi Arabia 80.40 Dec/18
Singapore 150.50 Jun/19
South Korea 99.50 Jun/19
Spain 1636.30 Mar/19
Switzerland 167.20 Mar/19
Turkey 110.30 May/19
United Kingdom 767.40 Jun/19
United States 0.40 Apr/19