Trading Conditions
Products
Tools
House prices in Australia were down 1.5 percent on quarter in the third quarter of 2018, the Australian Bureau of Statistics said on Tuesday.
That exceeded expectations for a decline of 1.6 percent following the 0.7 percent drop in the three months prior.
On a yearly basis, house prices skidded 1.9 percent - again exceeding forecasts for a fall of 2.0 percent following the 0.6 percent decline in the previous three months.
The total value of residential dwellings in Australia was A$6.847 trillion at the end of the September quarter 2018, falling $70.148 billion over the quarter.