The ABS has today released its property price index – incorporating both detached houses and units – which registered a 2.2% rise in home values nationally over the March quarter and a 10.2% gain over the year, an acceleration from the 7.7% annual growth initially reported in the 2016 calendar year:
Sydney (+3.0%), Melbourne (+3.1%), Adelaide (+1.5%), Hobart (+2.8%), and Canberra (+2.8%) all recorded value increases over the quarter, whereas Perth (-1.0%) and Darwin (-0.9%) values fell, and Brisbane’s were dead flat.
