ABS: Property prices fell 1.5% in Q3

Tuesday 11 December 2018

The ABS has released its property price index – incorporating both detached houses and units – which registered another 1.5% decline in home values nationally over the September quarter and a 1.9% decline over the year:

Sydney (-1.9%), Melbourne (-2.6%), Perth (-0.6%), and Darwin (-0.9%) recorded quarterly declines in values, whereas values rose in Brisbane (+0.6%), Adelaide (+0.6%), Hobart (+1.3%) and Canberra (+0.5%).

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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.