House prices in Australia fell 1.5 percent on quarter in the third quarter of 2018, the Australian Bureau of Statistics said on Tuesday.
That exceeded expectations for a decline of 1.6 percent following the 0.7 percent drop in the three months prior.
On a yearly basis, house prices skidded 1.9 percent - again exceeding forecasts for a fall of 2.0 percent following the 0.6 percent decline in the previous three months.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.