Australia AUD

Australia House Price Index QoQ

Impact:
Low
Source: Australian Bureau of Statistics

Latest Release:

Date:
Surprise:
0.8%
Actual:
4.7%
Forecast: 3.9%
Previous/Revision:
5%
Period: Q4
What Does It Measure?
The House Price Index (HPI) measures the price movement of residential properties in Australia, reflecting changes in value over time due to factors such as demand, supply, and economic conditions. This indicator primarily focuses on the overall health of the housing market, assessing trends in residential property prices across various regions.
Frequency
The House Price Index is released quarterly, providing final figures that represent comprehensive reports rather than preliminary estimates, typically published in the months following the end of each quarter.
Why Do Traders Care?
Traders regard the House Price Index as a significant economic indicator since changes in house prices can influence consumer confidence and spending, which in turn affects currency values, stocks, and overall economic health. A rising HPI could signal bullish trends in the Australian Dollar (AUD) and equities while potentially leading to bearish sentiment in bonds due to anticipated interest rate changes.
What Is It Derived From?
The House Price Index is derived from a comprehensive analysis of sales transactions of residential properties, utilizing methodologies that include repeated sales and stratification based on property characteristics. Data is collected from various sources including real estate agents, property listings, and government databases to ensure accuracy and representativeness.
Description
The House Price Index is presented in a quarter-over-quarter (QoQ) reporting format, comparing current house prices with those of the previous quarter to highlight medium-term trends. Traders utilize this measure to track potential shifts in the housing market which can indicate broader economic changes. This QoQ approach is favored as it effectively captures seasonal fluctuations and provides insight into the timing of price movements.
Additional Notes
The House Price Index serves as a coincident economic measure, reflecting current conditions in the housing market and potentially leading changes in other economic indicators such as consumer spending. It is also often compared to other metrics such as the GDP growth rate and employment figures, providing a more holistic view of economic health and real estate trends both regionally and globally.
Bullish or Bearish for Currency and Stocks
If the House Price Index indicates higher than expected growth in property prices: Bullish for AUD, Bullish for Stocks. If the HPI shows lower than expected growth: Lower than expected: Bearish for AUD, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Mar 15, 2022
4.7%
 3.9%
5%
 0.8%
Dec 07, 2021
5%
 5%
6.7%
Sep 14, 2021
6.7%
 6%
5.4%
 0.7%
Jun 15, 2021
5.4%
 5.5%
3%
 -0.1%
Mar 16, 2021
3%
 2%
0.8%
 1%
Dec 08, 2020
0.8%
 -0.8%
-1.8%
 1.6%
Sep 15, 2020
-1.8%
 -1%
1.6%
 -0.8%
Jun 16, 2020
1.6%
 2.7%
3.9%
 -1.1%
Mar 17, 2020
3.9%
 3.9%
2.4%
Dec 10, 2019
2.4%
 0.2%
-0.7%
 2.2%
Sep 17, 2019
-0.7%
 -1%
-3%
 0.3%
Jun 18, 2019
-3%
 -2.5%
-2.4%
 -0.5%
Mar 19, 2019
-2.4%
 -2%
-1.5%
 -0.4%
Dec 11, 2018
-1.5%
 -1.5%
-0.7%
Sep 18, 2018
-0.7%
 -7%
-0.7%
 6.3%
Jun 19, 2018
-0.7%
 -1%
1%
 0.3%
Mar 20, 2018
1%
 0.1%
-0.2%
 0.9%
Dec 12, 2017
-0.2%
 0.6%
1.9%
 -0.8%
Sep 19, 2017
1.9%
 1.1%
2.2%
 0.8%
Jun 20, 2017
2.2%
 2.2%
4.1%
Mar 21, 2017
4.1%
 2.4%
1.5%
 1.7%
Dec 13, 2016
1.5%
 2.3%
2%
 -0.8%
Sep 20, 2016
2%
 2.5%
-0.2%
 -0.5%
Jun 21, 2016
-0.2%
 0.8%
0.2%
 -1%
Mar 22, 2016
0.2%
 0%
2%
 0.2%
Dec 15, 2015
2%
 2%
4.7%
Sep 22, 2015
4.7%
 2%
1.6%
 2.7%
Jun 23, 2015
1.6%
 2.3%
2%
 -0.7%