Australia house prices slip 0.2% in Q1Staff writer ▼ |
Down Under The Australian Bureau of Statistics:
House prices in Australia were down 0.2 percent on quarter in the first quarter of 2016, the Australian Bureau of Statistics said.
On a yearly basis, house price advanced 6.8 percent - also beneath expectations for 7.5 percent and slowing from 8.7 percent in the three months prior.
This marked the first decline since the third quarter of 2012, due largely to declines in prices of attached dwellings - while established house prices were roughly flat. ■
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