ABS: Sydney house prices fell in Q4

Tuesday 22 March 2016

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%).

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.