QoQ Change in Australia's House Price Index
Australia| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The quarter-on-quarter change in the house price index indicates how housing prices in Australia have increased or decreased in a specific quarter compared to the previous quarter. This data is released quarterly by the Australian Bureau of Statistics (ABS) and is essential for evaluating short-term trends in the housing market.
Quarter-on-quarter data helps to understand price fluctuations in the housing market over a short period. An increase in housing prices suggests that the housing market is active and the economy is expanding. Conversely, a decrease in housing prices indicates a slowing housing market and a potential economic downturn.
This data serves as a valuable resource for policymakers to assess the health of the housing market and formulate appropriate policies. For example, if housing prices are rising rapidly, the government or central bank may implement measures to mitigate the risk of a housing bubble. On the other hand, if housing prices are falling, there may be a need to strengthen economic stimulus measures. For businesses and investors, this data provides critical insights into housing market trends and economic forecasts, helping to inform strategic decisions.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
