The ABS has today released its property price index – incorporating both detached houses and units – which registered a 1.0% rise in home values nationally over the December quarter and a 5.0% gain over the year, a slowing from the 8.3% annual growth initially reported in the year to September:
Melbourne (+2.6%), Brisbane (+0.9%), Perth (+1.1%), Adelaide (+0.6%), Hobart (+3.9%) and Canberra (+1.7%) recorded quarterly increases in values, whereas values fell in Sydney (-0.1%) and Darwin (-1.5%).
