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Article: Fed: House prices up 3.4 per cent in March quarter: ABS
- Article from:
- AAP General News (Australia)
- Article date:
- June 5, 2003
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Fed: House prices up 3.4 per cent in March quarter: ABS
CANBERRA, June 5 AAP - House prices in Australia's capital cities
continue to steam
ahead but the pace of growth slowed in the first three months of the
year.
The House Price Index, issued quarterly by the Australian Bureau
of Statistics (ABS),
showed an average rise of 3.4 per cent in the March quarter, from
4.8 per cent in the
December quarter, and 18 per cent for the year.
The latest figures show growth in Sydney house prices slumped to
3.3 per cent from
6.2 per cent earlier.
But they were still 20.9 per cent higher over the year to March.
Hobart had the biggest quarterly increase, with prices ...