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.