Real growth of residential property prices in local currency reached 6.38% in 2017 in Australia, according to the National Statistical Office. This is 51.0% more than in the previous year.
Historically, real growth of residential property prices in local currency in Australia reached an all time high of 17.2% in 1989 and an all time low of -7.77% in 1982.
Australia has been ranked 18th within the group of 71 countries we follow in terms of real growth of residential property prices in local currency.
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