According to data released today by the Australian Bureau of Statistics, property prices in the 3rd quarter increased by 1.5% compared to the previous quarter. Most economists had expected the index to rise by 2.5% after rising 2.0% in the second quarter. In annual terms, house prices rose by 3.5%, which is well below the forecast of 4.6% and the previous value of 4.1%.

Sydney property prices rose by 2.6% q / q in Hobart by 2.3%, in Melbourne 1.7%, Adelaide 0.9%, Canberra by 0.8% and in Brisbane 0.2 %. Housing prices fell only in Perth and Darwin by 1.6% compared with the previous quarter.