House price index rises 18.4pc in a year

Story by couriermail.com.au

THE house price index rose 18.4 per cent in the year to June, the Australian Bureau of Statistics said.

The house price index rose 3.1 per cent in the June quarter compared with a downwardly revised 4.2 per cent in the March quarter.

In the year to June, the house price index rose 18.4 per cent.

The market had forecast a 3 per cent increase in the June quarter.