Bloomberg News

Australian House Prices Decreased 1.2% in Third Quarter

October 31, 2011

Nov. 1 (Bloomberg) -- Australian house prices fell 1.2 percent in the three months through September, the Bureau of Statistics said in Sydney today.

The median estimate of 19 economists surveyed by Bloomberg News was for a 1.5 percent decline. Prices dropped 2.2 percent from a year earlier.

To contact the reporter on this story: Michael Heath in Sydney at

To contact the editor responsible for this story: Tim Smith at

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