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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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.