The Residential Property Price Index in Australia rose by 5.0 percent qoq in Q3 2021, slowing from a 6.7% growth in Q2 but matching market consensus. Still, this marked the fifth straight quarter of growth in property prices, supported by record-low interest rates, strong demand, and low levels of stock on the market. Prices rose further in all capital cities: Sydney (6.2% vs 8.1% in Q2), Melbourne (3.6% vs 6.1%) posted the smallest quarterly gain since Q4 2020, Brisbane (6.1% vs 5.7%) saw the biggest growth since Q2 2007, Adelaide (5.9% vs 5.3%) recorded the largest rise since Q3 2007, Perth (2% vs 4.8%) saw the smallest gain in a year, Hobart (8.2% vs 6.3%) had the steepest rise since Q4 2003, Darwin (1.6% vs 4.6%) went up the least in a year, and Canberra (6.0% vs 8.2%). source: Australian Bureau of Statistics

House Price Index MoM in Australia averaged 1.33 percent from 2003 until 2021, reaching an all time high of 6.70 percent in the second quarter of 2021 and a record low of -3 percent in the first quarter of 2019. This page includes a chart with historical data for Australia House Price Index QoQ. Australia Residential Property Price Index QoQ - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

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Australia Residential Property Price Index QoQ


Australia Residential Property Price Index QoQ
In Australia, Residential property price indexes measure price change of the stock of residential dwellings over time. The residential property price index is an aggregation of the established house price index and the attached dwelling price index, and measures the price change in all residential dwellings within the eight Greater Capital City Statistical Areas.
Actual Previous Highest Lowest Dates Unit Frequency
5.00 6.70 6.70 -3.00 2003 - 2021 percent Quarterly
NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-09-14 01:30 AM Q2 6.7% 5.4% 6% 5.8%
2021-12-07 12:30 AM Q3 5% 6.7% 5% 4.9%
2022-03-15 12:30 AM Q4 5%


Related Last Previous Unit Reference
Housing Index 175.60 167.20 points Sep/21
House Price Index YoY 21.70 16.80 percent Sep/21


News Stream
Australia Q3 Property Prices Grow for 5th Quarter
The Residential Property Price Index in Australia rose by 5.0 percent qoq in Q3 2021, slowing from a 6.7% growth in Q2 but matching market consensus. Still, this marked the fifth straight quarter of growth in property prices, supported by record-low interest rates, strong demand, and low levels of stock on the market. Prices rose further in all capital cities: Sydney (6.2% vs 8.1% in Q2), Melbourne (3.6% vs 6.1%) posted the smallest quarterly gain since Q4 2020, Brisbane (6.1% vs 5.7%) saw the biggest growth since Q2 2007, Adelaide (5.9% vs 5.3%) recorded the largest rise since Q3 2007, Perth (2% vs 4.8%) saw the smallest gain in a year, Hobart (8.2% vs 6.3%) had the steepest rise since Q4 2003, Darwin (1.6% vs 4.6%) went up the least in a year, and Canberra (6.0% vs 8.2%).
2021-12-07
Australia Q2 Home Prices Rise at Record Pace
The house price index in Australia rose by 6.7% qoq in Q2 2021, faster than a 5.4% growth in Q1 and above market consensus of 6%. This was the steepest pace of increase in residential property prices since the series began in Q3 2003, amid a record low of interest rates and as the most recent COVID-19 shutdown in Sydney did not have a noticeable impact. All capital cities recorded higher prices: Canberra (8.2% vs 5.6% in Q1) posted the largest quarterly rise since the start of the series, Sydney (8.1% vs 6.1%) saw the biggest gain since Q2 2015 and the second largest in the series, Hobart (6.3% vs 6.1%) had the steepest rise since Q4 2003, Melbourne (6.1% vs 5.1%) reported the fastest growth since Q4 2009, Brisbane (5.7% vs 4%) gained the most since Q2 2007, and Adelaide (5.3% vs 4%) rose at the strongest rate since Q4 2007. Through the year to the Q2 quarter, house prices jumped 16.8%.
2021-09-14
Australia Q1 House Price Growth at Over 11-Year High
The house price index in Australia rose by 5.4 percent quarter-on-quarter in the three months to March of 2021, faster than a 3 percent growth in the prior period and compared with market consensus of 5.5 percent. This was the steepest pace of increase in residential property prices since the fourth quarter of 2009, as the economy reopened further from the COVID-19 crisis. All capital cities recorded higher prices: Sydney (6.1 percent vs 3.0 percent in Q4) and Melbourne (5.1 percent vs 3.4 percent), Perth (5.2 percent vs 2.9 percent), Brisbane (4.0 percent vs 2.7 percent), Adelaide (4.0 percent vs 2.6 percent), Canberra (5.6 percent vs 3.4 percent), Hobart (6.1 percent vs 3.1 percent), and Darwin (4.7 percent vs 2.2 percent). Through the year to the first quarter, house prices grew by 7.5 percent.
2021-06-15