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Residential property prices in Australia were down 0.2 percent on quarter in the third quarter of 2017, the Australian Bureau of Statistics said on Tuesday.
That missed forecasts for a gain of 0.5 percent following the 1.9 percent jump in the previous three months.
On a yearly basis, house prices were up 8.3 percent - again missing forecasts for 8.8 percent and down from 10.2 percent in the three months prior.
The total value of residential dwellings in Australia was A$6.779 trillion at the end of the September quarter, rising A$14.843 billion over the quarter.
