The ABS has released its property price index – incorporating both detached houses and units – which registered another 2.4% decline in home values nationally over the December quarter and a 5.1% decline over the year:
Sydney (-3.7%), Melbourne (-2.4%), Brisbane (-1.1%), Perth (-1.0%), Darwin (-0.6%), and Canberra (-0.2%) recorded quarterly declines in values, whereas values rose in Adelaide (+0.1%) and Hobart (+0.7%).
