The price index for residential properties for the weighted average of the eight capital cities rose 2.0% in the June quarter 2016. The index rose 4.1% through the year to the June quarter 2016. The capital city residential property price indexes rose in Sydney (+2.8%), Melbourne (+2.7%), Brisbane (+1.1%), Canberra (+2.2%), Adelaide (+0.8%) and Hobart (+0.7%) and fell in Perth (-1.2%) and Darwin (-2.4%). Annually, residential property prices rose in Melbourne (+8.2%), Canberra (+6.0%), Hobart (+4.9%), Brisbane (+4.3%), Sydney (+3.6%) and Adelaide (+3.5%) and fell in Darwin (-6.5%) and Perth (-4.8%).
The total value of residential dwellings in Australia was $6,045,080.8m at the end of the June quarter 2016, rising $138,302.8m over the quarter. The mean price of residential dwellings rose $11,800 to $623,000 and the number of residential dwellings rose by 39,100 to $9,703,500 in the June quarter 2016.
Aussie is currently being traded around 0.7540 level. Pair is likely to find support around 0.75 handle and resistance above 0.7580 area.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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