House price index in Australia dropped by 0.7 percent quarter-on-quarter in the three months to June of 2018, the same pace as in the previous quarter but beating market consensus a 7 percent decline. It marked the second straight quarter of fall in the index, as prices continued to decline in Sydney (-1.2 percent vs -1.2 percent in Q1); Melbourne (-0.8 percent vs -0.6 percent); Perth (-0.1 percent vs -0.9 percent); and Darwin (-0.9 percent vs -1.1 percent). On the other hand, prices increased in Adelaide (0.3 percent vs 0.5 percent); and Canberra (0.6 percent vs 0.9 percent), while rebounded in Brisbane (0.7 percent vs -0.6 percent). Through the year to the second quarter, residential property prices decreased by 0.6 percent, the first annual fall since the June quarter 2012. Housing Index in Australia averaged 1.60 percent from 2002 until 2018, reaching an all time high of 6.10 percent in the second quarter of 2002 and a record low of -2.20 percent in the third quarter of 2008.

Housing Index in Australia is expected to be -0.50 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 -0.57 in 12 months time. In the long-term, the Australia House Price Index is projected to trend around 2.10 percent in 2020, according to our econometric models.

Australia House Price Index
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-19 01:30 AM House Price Index YoY 2% 5.0% 1.7%
2018-06-19 01:30 AM House Price Index QoQ -0.7% 1% -1% 1.8%
2018-09-18 01:30 AM House Price Index YoY -0.6% 2% -0.7%
2018-09-18 01:30 AM House Price Index QoQ -0.7% -0.7% -7% 1.1%
2018-12-11 12:30 AM House Price Index QoQ -0.7% -1.5% -1%
2018-12-11 12:30 AM House Price Index YoY -0.6% -1.5%
2019-03-20 12:30 AM House Price Index QoQ


Australia Housing Last Previous Highest Lowest Unit
Building Permits -1.50 5.50 31.80 -22.90 percent [+]
New Home Sales 4782.40 4821.00 20768.00 4769.00 [+]
Housing Index -0.70 -0.70 6.10 -2.20 percent [+]
Home Ownership Rate 65.00 67.00 71.40 65.00 percent [+]
Construction Output -2.80 1.80 16.60 -18.90 percent [+]
Construction Pmi 44.50 46.40 60.50 29.24 Index Points [+]


Australia House Price Index

In Australia, House Price Index measures weighted average of price movements for residential properties for eight capital cities: Sydney, Melbourne, Brisbane, Adelaide, Canberra, Hobart, Darwin and Perth. Residential properties are defined as detached residential dwellings on their own block of land regardless of age. . 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.70 -0.70 6.10 -2.20 2002 - 2018 percent Quarterly
NSA




Country Last Previous
Argentina 720.96 Oct/18
Australia -0.70 Jun/18
Brazil 128.90 Oct/18
Canada 103.30 Sep/18
China 8.60 Oct/18
Euro Area 111.58 Jun/18
France 106.31 Jun/18
Germany 152.86 Oct/18
India 148.00 Mar/18
Indonesia 207.69 Dec/18
Italy 99.40 Jun/18
Japan 111.89 Aug/18
Netherlands 125.70 Sep/18
Russia 1.00 Dec/17
Saudi Arabia 82.30 Sep/18
Singapore 149.70 Sep/18
South Korea 105.80 Nov/18
Spain 1589.50 Sep/18
Switzerland 168.38 Sep/18
Turkey 271.90 Sep/18
United Kingdom 726.90 Nov/18
United States 0.20 Sep/18


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