ABS: Property prices fell 1.8% in Q2

Tuesday, 15 September 2020

The Australian Bureau of Statistics (ABS) has released its property indices for the June quarter, which recorded a 1.8% quarterly decline across the combined capital cities led by Sydney (-2.2%) and Melbourne (-2.3%):

It was the first quarterly decline in property values since June 2019:

The ABS’ quarterly decline is worse than CoreLogic’s results for the June quarter:

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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.