2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Australia : Residential Property Prices  
Released On 3/20/2017 8:30:00 PM For Q4:2016
PriorConsensusActual
Q/Q percent change1.5 %2.5 %4.1 %
Yr/Yr. percent change3.5 %7.7 %
Definition
Residential Property Prices provide estimates of changes in housing prices in each of the eight capital cities of Australia along with a weighted average of the eight.

 

Why Investors Care
Home values affect much in the economy, especially the housing and consumer sectors. Periods of rising home values encourage new construction while periods of soft home prices can damp housing starts. Changes in home values play key roles in consumer spending and in consumer financial health. Rising prices increase consumers' ability to spend, based on wealth effects and from being able to draw upon expanding home equity lines of credit.

Frequency
Quarterly

Source
Australian Bureau of Statistics

Availability
Data are available about five weeks after the reference quarter. December quarter data are available the first week of February.

Coverage
Previous quarter

Revisions
Yes


powered by  [Econoday]