Residential Property Prices for Australia
QAUN368BIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.45
Year-over-Year Change
-76.99%
Date Range
1/1/1971 - 10/1/2024
Summary
The Residential Property Prices for Australia tracks changes in the value of residential real estate across the country. This important economic indicator provides insights into the health of the housing market and consumer confidence.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Residential Property Prices for Australia index measures the price movement of residential properties, including houses and apartments. It is a key metric used by economists, policymakers, and investors to assess the broader property market and consumer trends.
Methodology
The data is collected and calculated by the Bank for International Settlements (BIS) using a weighted average of real estate prices across major Australian cities.
Historical Context
Trends in residential property prices can influence consumer spending, mortgage lending, and economic growth, making this indicator highly relevant for policy decisions and market analysis.
Key Facts
- Australia's residential property prices rose 24% between 2020 and 2022.
- Housing affordability is a major economic and social issue in Australia.
- The property market is a key driver of Australia's economy.
FAQs
Q: What does this economic trend measure?
A: The Residential Property Prices for Australia index tracks changes in the value of residential real estate, including houses and apartments, across the country.
Q: Why is this trend relevant for users or analysts?
A: Trends in residential property prices provide important insights into the health of the housing market, consumer confidence, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank for International Settlements (BIS) using a weighted average of real estate prices across major Australian cities.
Q: How is this trend used in economic policy?
A: Residential property prices are closely monitored by policymakers and economists as they can influence consumer spending, mortgage lending, and overall economic growth.
Q: Are there update delays or limitations?
A: The Residential Property Prices for Australia data is published quarterly, with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Residential Property Prices for Australia (QAUN368BIS), retrieved from FRED.