Australia’s official house price index rose more-than-expected in the last quarter, official data showed on Tuesday.
In a report, Australian Bureau of Statistics said that Australian HPI rose to a seasonally adjusted 3.4%, from 2.4% in the preceding quarter whose figure was revised up from 1.9%.
Analysts had expected Australian HPI to rise 3.0% in the last quarter.
Jerusalem Post Annual Conference. Buy it now, Special offer. Come meet Israel's top leaders