The house price index in Australia rose by 6.7% qoq in Q2 2021, faster than a 5.4% growth in Q1 and above market consensus of 6%. This was the steepest pace of increase in residential property prices since the series began in Q3 2003, amid a record low of interest rates and as the most recent COVID-19 shutdown in Sydney did not have a noticeable impact. All capital cities recorded higher prices: Canberra (8.2% vs 5.6% in Q1) posted the largest quarterly rise since the start of the series, Sydney (8.1% vs 6.1%) saw the biggest gain since Q2 2015 and the second largest in the series, Hobart (6.3% vs 6.1%) had the steepest rise since Q4 2003, Melbourne (6.1% vs 5.1%) reported the fastest growth since Q4 2009, Brisbane (5.7% vs 4%) gained the most since Q2 2007, and Adelaide (5.3% vs 4%) rose at the strongest rate since Q4 2007. Through the year to the Q2 quarter, house prices jumped 16.8%. source: Australian Bureau of Statistics

Housing Index in Australia averaged 1.45 percent from 2002 until 2020, reaching an all time high of 6.10 percent in the second quarter of 2002 and a record low of -3 percent in the first quarter of 2019. This page provides the latest reported value for - Australia House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia House Price Index QoQ - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Housing Index in Australia is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Index in Australia to stand at 1.00 in 12 months time. In the long-term, the Australia House Price Index QoQ is projected to trend around 2.00 percent in 2022, according to our econometric models.

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Australia House Price Index QoQ

Actual Previous Highest Lowest Dates Unit Frequency
6.70 5.40 6.70 -3.00 2002 - 2021 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-15 01:30 AM House Price Index YoY Q1 7.5% 3.6% 9.5%
2021-06-15 01:30 AM House Price Index QoQ Q1 5.4% 3% 5.5% 5.1%
2021-09-14 01:30 AM House Price Index YoY Q2 16.8% 7.5% 9%
2021-09-14 01:30 AM House Price Index QoQ Q2 6.7% 5.4% 6% 5.8%


News Stream
Australia Q2 Home Prices Rise at Record Pace
The house price index in Australia rose by 6.7% qoq in Q2 2021, faster than a 5.4% growth in Q1 and above market consensus of 6%. This was the steepest pace of increase in residential property prices since the series began in Q3 2003, amid a record low of interest rates and as the most recent COVID-19 shutdown in Sydney did not have a noticeable impact. All capital cities recorded higher prices: Canberra (8.2% vs 5.6% in Q1) posted the largest quarterly rise since the start of the series, Sydney (8.1% vs 6.1%) saw the biggest gain since Q2 2015 and the second largest in the series, Hobart (6.3% vs 6.1%) had the steepest rise since Q4 2003, Melbourne (6.1% vs 5.1%) reported the fastest growth since Q4 2009, Brisbane (5.7% vs 4%) gained the most since Q2 2007, and Adelaide (5.3% vs 4%) rose at the strongest rate since Q4 2007. Through the year to the Q2 quarter, house prices jumped 16.8%.
2021-09-14
Australia Q1 House Price Growth at Over 11-Year High
The house price index in Australia rose by 5.4 percent quarter-on-quarter in the three months to March of 2021, faster than a 3 percent growth in the prior period and compared with market consensus of 5.5 percent. This was the steepest pace of increase in residential property prices since the fourth quarter of 2009, as the economy reopened further from the COVID-19 crisis. All capital cities recorded higher prices: Sydney (6.1 percent vs 3.0 percent in Q4) and Melbourne (5.1 percent vs 3.4 percent), Perth (5.2 percent vs 2.9 percent), Brisbane (4.0 percent vs 2.7 percent), Adelaide (4.0 percent vs 2.6 percent), Canberra (5.6 percent vs 3.4 percent), Hobart (6.1 percent vs 3.1 percent), and Darwin (4.7 percent vs 2.2 percent). Through the year to the first quarter, house prices grew by 7.5 percent.
2021-06-15
Australia Q4 House Prices Rise the Most in A Year
The house price index in Australia rose by 3.0 percent quarter-on-quarter in the three months to December of 2020, much faster than a 0.8 percent growth in the prior period and beating market consensus of a 2.0 percent gain. This was the steepest pace of increase in residential property prices since the fourth quarter of 2019, as the economy reopened further from the COVID-19 crisis. All capital cities recorded higher prices: Sydney (3.0 percent vs 1.0 percent in Q3) and Melbourne (3.4 percent vs -0.3 percent), Brisbane (2.7 percent vs 1.5 percent), Perth (2.9 percent), Adelaide (2.6 percent vs 1.6 percent), Canberra (3.4 percent vs 0.9 percent), Hobart (3.1 percent vs 1.2 percent), and Darwin (2.2 percent vs 0.8 percent). Through the year to the December quarter, house prices grew by 3.6 percent.
2021-03-16
Australia Q3 House Prices Rise 0.8% QoQ
The house price index in Australia rose by 0.8 percent quarter-on-quarter in the three months to September of 2020, reversing from a 1.8 percent fall in the previous period as the economy reopened further from the COVID-19 crisis. Nearly all capital cities recorded a rise in residential property prices: Sydney (1 percent vs -2.2 percent in Q2), Brisbane (1.5 percent vs -0.9 percent), Adelaide (1.6 percent vs -0.8 percent), Perth (1.4 percent vs -0.7 percent), Hobart (1.2 percent vs -0.4 percent), Darwin (0.8 percent vs -1.4 percent) and Canberra (0.9 percent vs 0.8 percent). In contrast, house prices in Melbourne fell (-0.3 percent vs -2.3 percent). Through the year to the third quarter, prices increased by 4.5 percent in the third quarter, with all capital cities posted rises except Darwin, following a 6.2 percent gain in the June quarter.
2020-12-08

Australia House Price Index QoQ
In Australia, House Price Index measures weighted average of price movements for residential properties for eight capital cities: Sydney, Melbourne, Brisbane, Adelaide, Canberra, Hobart, Darwin and Perth. Residential properties are defined as detached residential dwellings on their own block of land regardless of age. .