Economic Buzz: Australia House Price Index Down 0.7% On Quarter In Q1

Australia residential property prices were down 0.7 percent on quarter in the first three months of 2018, the Australian Bureau of Statistics said on Tuesday, following the 1.0 percent increase in the previous three months. On a yearly basis, house prices climbed 2.0 percent after spiking 5.0 percent in the three months prior.