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Australia House Prices Jump 4.7% On Quarter In Q4

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House prices in Australia were up 4.7 percent on quarter in the fourth quarter of 2021, the Australian Bureau of Statistics said on Tuesday.

That exceeded expectations for a gain of 3.9 percent and was down from the 5.0 percent increase in the third quarter.

On a yearly basis, house prices jumped 23.7 percent, up from 21.7 percent.

The total value of residential dwellings in Australia rose A$512.6 billion to A$9,901.6 billion in Q4, and the mean price of residential dwellings rose A$44,000 to A$920,100.

*Australia House Price Index +4.7% On Quarter, +23.7% On Year In Q4

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