The ABS has today released its property price index – incorporating both detached houses and units – which registered a 4.1% rise in home values nationally over the December quarter and a 7.7% gain over the year, an acceleration from the 3.5% annual growth recorded in the year to September 2016:
Sydney (+5.2%), Melbourne (+5.3%), Brisbane (+2.2%), Perth (+0.3%), Adelaide (+1.8%), Canberra (+2.8%), and Hobart (+4.5%) all recorded value increases over the quarter, whereas Darwin (-1.5%) values fell.
