The Australian Bureau of Statistics Home Price Index rose 2 per cent for the June quarter, slightly missing analyst expectation, with those polled by Reuters expecting a rise of 2.5 per cent.
For the year, prices rose 4.1 per cent.
In Sydney, prices for established houses rose 3.2 per cent, while attached dwellings — meaning flats, apartments and terrace houses — rose 2 per cent. Perth and Darwin were the only cities where house prices fell, losing 1.2 per cent and 2.4 per cent in the quarter respectively.
The ABS said the total value of Australia's 9.7 million residential homes increased by $138.3 billion to $6 trillion, with the mean price of dwellings in Australia sitting at $623,000.
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