ABS records strongest house price growth on record

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The ABS has released its property price results for the March quarter, which recorded a 5.4% quarterly rise across the combined capital cities – the strongest rise since the December quarter of 2009:

ABS March quarter property price growth

Big rise in property values over Q1.

According to the ABS:

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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.