Nominal growth of residential property prices in the local currency reached 8.35% in 2017 in Australia, according to the National Statistical Office. This is 51.8% more than in the previous year.
Historically, nominal growth of residential property prices in the local currency in Australia reached an all time high of 24.7% in 1989 and an all time low of -2.15% in 2011.
Australia has been ranked 17th within the group of 71 countries we follow in terms of nominal growth of residential property prices in the local currency.
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