Australian Bureau of Statistics

Numbers on housing – release June 2018

  • Residential property prices fell 0.7% in the March quarter 2018, according to figures released today by the Australian Bureau of Statistics.
  • ABS Chief Economist Bruce Hockman said Australia’s two largest cities led the fall: “Sydney recorded the third consecutive quarter of falling property prices (-1.2%) and the first annual price fall (-0.5%) since the March quarter 2012, while Melbourne property prices fell 0.6%, the first quarterly price fall since September quarter 2012.”