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The Australian Bureau of Statistics released its house price index on Tuesday. The Australian house price index rose 2.0% in the third quarter, in line with expectations, after a 4.7% gain in the second quarter.
Main contributors were Melbourne (+2.9%), Brisbane (+1.3%), Adelaide (+1.2%), and Canberra (+1.3%).
On a yearly basis, house prices climbed 10.7% in the third quarter, after a 9.8% rise in the second quarter.
The total value of residential dwellings in Australia rose by A$137.1 billion to A$5.9 trillion in the third quarter.
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