Australia Records an Increase of 2.4% in September Quarter’s Property Prices

  • Dec 10, 2019 AEDT
  • Team Kalkine

Residential property prices in Australia increased by 2.4 per cent in the September quarter 2019, reported the Australian Bureau of Statistics (ABS) in a recent update. The announced property prices data also indicated the following:

  • It was the strongest quarterly growth since 2016 December quarter.
  • Sydney and Melbourne drove the rise, each improving by 3.6 per cent.
  • Over the year to the September quarter, the property prices fell by 3.7 per cent.
  • The total value of residential dwellings increased to $6,869.4 billion during the quarter.

 

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