Australia House prices beat expectations in Q2

By FXStreet FXStreet (Mumbai) – Residential property prices in Australia were up 4.7% on quarter in Q2 2015, the Australian Bureau of Statistics said on Tuesday.

That topped expectations for an increase of 2.5% following the 1.6% gain in the first quarter.

On a yearly basis, house prices spiked 9.8% – also beating forecasts for an increase of 8% and up from 6.9% in Q1 2015.
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Source:: FX Street