The ABS has today released its property price index – incorporating both detached houses and units – which registered a 0.2% decline in home values nationally over the September quarter but an 8.3% gain over the year, a slowing from the 10.2% annual growth initially reported in the year to June:
Sydney (-1.4%), Perth (-1.0%), Darwin (-2.6%) and Canberra (-0.2%) each recorded value falls over the quarter, whereas Melbourne (+1.1%), Brisbane (+0.7%), Adelaide (+0.7%) and Hobart (+3.4%) values rose.
