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.

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Australia House Price Index QoQ

Actual Previous Highest Lowest Dates Unit Frequency
3.90 2.40 6.10 -3.00 2002 - 2019 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-12-10 12:30 AM House Price Index YoY Q3 -3.7% -7.4% -5.4%
2019-12-10 12:30 AM House Price Index QoQ Q3 2.4% -0.7% 0.2% 0.6%
2020-03-17 12:30 AM House Price Index YoY Q4 2.5% -3.7% 1%
2020-03-17 12:30 AM House Price Index QoQ Q4 3.9% 2.4% 3.9% 3.5%
2020-06-18 01:30 AM House Price Index QoQ Q1 1%
2020-09-17 01:30 AM House Price Index QoQ Q2 1.3%
2020-12-10 12:30 AM House Price Index QoQ Q3 0.8%


News Stream
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 Q2 Home Prices Fall the Least in a Year
House price index in Australia dropped by 0.7 percent quarter-on-quarter in the second quarter of 2019, less than market expectations of a 1.0 percent fall and following a 3.0 percent decline in the previous quarter. It was the smallest drop since Q2 of 2018, as prices of properties fell softer in most of the capital cities: Sydney (-0.5% vs -3.9%), Melbourne (-0.8% vs -3.8%), Brisbane (-0.7% vs -1.5%).In addition, prices rebounded in Canberra (0.2% vs -0.9%);Hobart (0.5% vs -0.4%). Meanwhile, prices continued to drop in Perth (-1.4% vs -1.1%),Adelaide (-0.6% vs -0.2%).Through the year to June, home prices tumbled 7.4%, unchanged from the prior quarter. "Sydney and Melbourne housing markets have seen residential property price falls moderate this quarter. A number of housing market indicators, such as auction volumes and clearance rates, have begun to show signs of improvement, though they remain below the levels seen one year earlier," said ABS Chief Economist, Bruce Hockman.
2019-09-17
Australia Q1 Home Prices Drop the most on Record
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.
2019-06-18

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. .