empty
 
 

2019.06.1801:38:00UTC+00Australia House Price Index Slides In Q1

Australia's house price index declined in the first quarter of 2019, data from the Australian Bureau of Statistics showed on Tuesday.

House prices in Australia were down 3.0 percent sequentially in the March quarter. That exceeded expectations for a decline of 2.6 percent.

On a yearly basis, house prices dropped 7.4 percent in March. Economists had forecasts for a fall of 6.9 percent.

The total value of residential dwellings in Australia fell to A$6.6 trillion in the March quarter 2019.

Property prices in Adelaide slid 0.2 percent, marking the first fall since March 2013. Prices dropped 1.5 percent in Brisbane and by 1.1 percent in Perth.

"These results are in line with soft housing market indicators, with sales transactions and auction clearance rates lower than one year ago, and days on market trending higher," Bruce Hockman, ABS chief economist, said.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback