Australian house price index declined 1.5% in Q3, as expected

Market news

11 December 2018

Australian house price index declined 1.5% in Q3, as expected

The price index for residential properties for the weighted average of the eight capital cities fell 1.5% in the September quarter 2018. The index fell 1.9% through the year to the September quarter 2018.

The capital city residential property price indexes fell in Melbourne (-2.6%), Sydney (-1.9%), Perth (-0.6%) and Darwin (-0.9%), and rose in Brisbane (+0.6%), Adelaide (+0.6%), Hobart (+1.3%) and Canberra (+0.5%).

Annually, residential property prices fell in Sydney (-4.4%), Darwin (-4.4%), Melbourne (-1.5%), Perth (-0.5%) and rose in Hobart (+13.0%), Canberra (+3.7%), Adelaide (+2.0%) and Brisbane (+1.7%).

Futures: DAX +0,1% FTSE 0,0% CAC +0,1%

Treasury yields held their ground Monday after stocks came off their lows, offsetting the geopolitical jitters from U.K. Prime Minister Theresa May's decision to delay a vote on her Brexit plan in Parliament

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