House prices in Australia surged 20% year-on-year in the March quarter, the Australian Bureau of Statistics said on Monday.
This follows a 13.5% increase in the December quarter.
Home prices recorded double-digit annual growth in all eight capital cities, with Melbourne, Sydney and Canberra leading the way.
On a quarterly basis, house prices increased 4.8% between January and March, slower than the 5.1% increase in the December quarter.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.