Australian Property

ABS: Property prices surged 6.7% in June quarter

Leith van Onselen
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The Australian Bureau of Statistics (ABS) today released its property price indices for the June quarter, which registered explosive 6.7% growth across the combined capitals over the quarter and 16.8% growth year-on-year:

ABS quarterly growth

The gains were broad-based with all capitals recording strong price growth over the quarter and year.

The next table tracks price growth over the June quarter across capitals, broken down by detached houses (HPI) and units (ADPI):

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ABS property prices

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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.