ABS Reports Strong Growth In Housing Values Over September Quarter

The Australian Bureau of Statistics reports on housing prices quarterly using a stratified median methodology.  This method is different to CoreLogic’s hedonic regression series; in simple terms, the stratification methodology measures price changes across a number of ‘strata’ or sub-regions before aggregating the data back to the capital city level.  Generally the ABS and CoreLogic measures show very similar trends over time, however, the CoreLogic series is more timely (one day in…