Forex News

House prices in Australia fell 1.5% in Q3

The Australian Bureau of Statistics said Tuesday that housing prices in Australia in the third quarter of 2018 were down 1.5 percent.

It exceeded expectations of a decline of 1.6 percent after falling 0.7 percent three months before.

In annual terms, housing prices fell by 1.9 percent, again exceeding forecasts for a fall of 2.0 percent after falling by 0.6 percent in the previous three months.

The total cost of residential buildings in Australia at the end of the September quarter of 2018 was 6.847 trillion Australian dollars, a decrease of 70.148 billion dollars in the quarter.