House price index in Australia dropped by 0.7 percent quarter-on-quarter in the second quarter of 2019, less than market expectations of a 1.0 percent fall and following a 3.0 percent decline in the previous quarter. It was the smallest drop since Q2 of 2018, as prices of properties fell softer in most of the capital cities: Sydney (-0.5% vs -3.9%), Melbourne (-0.8% vs -3.8%), Brisbane (-0.7% vs -1.5%).In addition, prices rebounded in Canberra (0.2% vs -0.9%);Hobart (0.5% vs -0.4%). Meanwhile, prices continued to drop in Perth (-1.4% vs -1.1%),Adelaide (-0.6% vs -0.2%).Through the year to June, home prices tumbled 7.4%, unchanged from the prior quarter. "Sydney and Melbourne housing markets have seen residential property price falls moderate this quarter. A number of housing market indicators, such as auction volumes and clearance rates, have begun to show signs of improvement, though they remain below the levels seen one year earlier," said ABS Chief Economist, Bruce Hockman. Housing Index in Australia averaged 1.43 percent from 2002 until 2019, 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.

Housing Index in Australia is expected to be -0.80 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 1.30 in 12 months time. In the long-term, the Australia House Price Index QoQ is projected to trend around 2.10 percent in 2020, according to our econometric models.

Australia House Price Index QoQ
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Calendar GMT Actual Previous Consensus TEForecast
2019-06-18 01:30 AM House Price Index YoY Q1 -7.4% -5.1% -1.5%
2019-06-18 01:30 AM House Price Index QoQ Q1 -3% -2.4% -2.5% -1.9%
2019-09-17 01:30 AM House Price Index YoY Q2 -7.4% -7.4% -4%
2019-09-17 01:30 AM House Price Index QoQ Q2 -0.7% -3% -1% -1.8%
2019-12-12 12:30 AM House Price Index QoQ Q3 -0.7%
2019-12-12 12:30 AM House Price Index YoY Q3 -7.4%

Australia Housing Last Previous Highest Lowest Unit
Building Permits -9.70 -0.80 31.60 -21.80 percent [+]
New Home Sales 4237.00 4568.00 20768.00 4035.00 Units [+]
Housing Index -0.70 -3.00 6.10 -3.00 percent [+]
Home Loans 48662.00 46331.00 63242.00 17242.00 [+]
Home Ownership Rate 65.00 67.00 71.40 65.00 percent [+]
Construction Output -3.80 -2.20 17.90 -18.90 percent [+]
Construction Pmi 44.60 39.10 60.50 29.24 Index Points [+]

Australia House Price Index QoQ

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 QoQ - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.70 -3.00 6.10 -3.00 2002 - 2019 percent Quarterly

Country Last Previous
Argentina 847.45 Jul/19
Australia -0.70 Aug/19
Brazil 129.50 Jun/19
Canada 102.90 Jul/19
China 8.80 Aug/19
Euro Area 115.85 Mar/19
France 108.48 Mar/19
Germany 164.78 Aug/19
India 105.00 Dec/18
Indonesia 210.38 Sep/19
Italy 97.80 Mar/19
Japan 115.55 May/19
Netherlands 132.50 Aug/19
Russia 6.30 Dec/18
Saudi Arabia 80.40 Jun/19
Singapore 150.80 Jun/19
South Korea 99.60 Aug/19
Spain 1637.40 Jun/19
Switzerland 167.31 Jun/19
Turkey 113.20 Jul/19
United Kingdom 402.71 Aug/19
United States 0.20 Jun/19