The ABS has today released its property price index – incorporating both detached houses and units – which registered a 0.2% rise in home values nationally over the December quarter and an 8.7% gain over the year, a deceleration from the 10.7% annual growth recorded in the year to September 2015.
Sydney was the main drag on values over the quarter (-1.6%), whereas Melbourne and Brisbane were the main stimulants (each +1.6%).
