Menu
Property

Modest rises in house sales prices

Michaela O'Neill

THE housing industry has welcomed a modest rises in house sales prices, after the Australian Bureau of Statistics revealed prices went up 0.3% in the September quarter.

Housing Industry Association economist Geordan Murray said the bureau's index of established house prices rose for the fifth consecutive quarter, but average sales prices were still 4.1% below the 2010 peak.

"Lower interest rates, a relatively stable labour market, steadily rising household incomes, and population growth continue to provide a stabilising influence on housing prices," he said.

"The economic reality must certainly be a blow to the headline-chasing doomsayers who can't help but forecast an imminent collapse in Australian house prices.

The index measures house sales figures across the nation's capital cities.

In the September quarter, prices rose 0.3% in Sydney, 0.2% in Melbourne, 0.4% in Brisbane, 0.2% in Adelaide, 1.8% in Perth, 0.8% in Darwin and 0.3% in Canberra.

Topics:  australian bureau of statistics house prices interest rates


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Town mourning as beloved 'treasure' lost

REMEMBERED: John Boucher on his Mt Tully property. Tributes are flowing in for the beloved Stanthorpe icon.

Citizen of the Year, John Boucher, passes away.

Men charged after near-death shooting of boy, 5

Two men have been charged on multiple firearms offences relating to an incident that occurred on January 2 at Cottonvale.

Cottonvale pair to front court charged with firearms offences

WARNING: Severe thunderstorm warning for Southern Downs

WET WEEK: Heavy rainfall could hit Warwick today with the chance of showers continuing for the rest of the week.

Goomburra drenched by 41mm in just 50 minutes today

Local Partners