The house price index in Australia rose by 3.0 percent quarter-on-quarter in the three months to December of 2020, much faster than a 0.8 percent growth in the prior period and beating market consensus of a 2.0 percent gain. This was the steepest pace of increase in residential property prices since the fourth quarter of 2019, as the economy reopened further from the COVID-19 crisis. All capital cities recorded higher prices: Sydney (3.0 percent vs 1.0 percent in Q3) and Melbourne (3.4 percent vs -0.3 percent), Brisbane (2.7 percent vs 1.5 percent), Perth (2.9 percent), Adelaide (2.6 percent vs 1.6 percent), Canberra (3.4 percent vs 0.9 percent), Hobart (3.1 percent vs 1.2 percent), and Darwin (2.2 percent vs 0.8 percent). Through the year to the December quarter, house prices grew by 3.6 percent. source: Australian Bureau of Statistics
Housing Index in Australia averaged 1.45 percent from 2002 until 2020, reaching an all time high of 6.10 percent in the second quarter of 2002 and a record low of -3 percent in the first quarter of 2019. This page provides the latest reported value for - Australia House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia House Price Index QoQ - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Housing Index in Australia is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Index in Australia to stand at 1.00 in 12 months time. In the long-term, the Australia House Price Index QoQ is projected to trend around 2.00 percent in 2022, according to our econometric models.