ABS: Property prices rocketed 3.9% in Q4

The Australian Bureau of Statistics (ABS) has released its property price indices for the December quarter – incorporating both detached houses and units – which registered a strong 3.9% quarterly rise in home values driven by massive gains in Sydney (+4.7%) and Melbourne (+5.2%):

The other capitals were mostly positive but grew more slowly, with only Darwin (-0.8%) registering falling values.

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