Australian house price index rose by 0.1% in Q4

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Tuesday, Mar 22 2016

The price index for residential properties for the weighted average of the eight capital cities rose 0.2% in the December quarter 2015. Analysts were anticipating increase by 0.1%. The index rose 8.7% through the year to the December quarter 2015.

The total value of residential dwellings in Australia was $5,885,967.2m at the end of December quarter 2015, rising $31,557.1m over the quarter. The mean price of residential dwellings rose $800 to $612,100 and the number of residential dwellings rose by 38,700 to 9,615,800 in the December quarter 2015.

Aussie is currently being traded around 0.7620 area. Pair is likely to find support around 0.7550 handle and resistance above 0.7650 level. There will be no major data releases in the rest of the session.

More in this category: « Existing Home Sales at an annual rate of 5.08 million Euro lower on mixed PMI figures »

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