ABS: Property values rebounded in Q4

Tuesday 20 March 2018

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%).

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.