The Residential Property Price Index in Australia rose by 4.7 percent qoq in Q4 2021, above market consensus of 3.9 percent and after a 5.0 percent growth in Q3. This was the sixth straight quarter of growth in property prices, supported by record-low interest rates and strong demand. The strongest quarterly price increases were recorded in Brisbane (9.6 percent), followed by Adelaide (6.8 percent), Hobart (6.5 percent), and Canberra (6.4 percent). Through the year to Q4, the index jumped to a record high of 23.7 percent, with Hobart, Canberra, Brisbane, Sydney, and Adelaide having the largest annual rise since the commencement of the series; while Melbourne had the largest annual rise since Q2 2010. source: Australian Bureau of Statistics
House Price Index MoM in Australia averaged 1.37 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 -3.00 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 June of 2023.