ABS: Property prices rise in June quarter

Tuesday 20 September 2016

The ABS has today released its property price index – incorporating both detached houses and units – which registered a 2.0% rise in home values nationally over the June quarter and a 4.1% gain over the year, a deceleration from the 6.8% annual growth recorded in the year to March 2016:

Sydney (+2.8%), Melbourne (+2.7%), Canberra (+2.2%), Brisbane (+1.1%), Adelaide (+0.8%) and Hobart (+0.7%) all recorded value increases over the quarter, whereas Perth (-1.2%) and Darwin (-2.4%) values fell.

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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.