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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia House Price Index YoY fell to -5.1 in October 2018
FMPMonthlyReleased March 2019
Australia House Price Index YoY fell to -5.1 in October 2018, released March 2019, down 3.2 from September's -1.9 reading. The reading missed the -0.4 consensus by 4.7. House Price Index YoY has now declined for 7 consecutive months. House Price Index YoY is now the lowest in 71 months.
Latest Release
-5.1
Actual
-0.4
Consensus
-1.9
Previous
Median Absolute Error
±0.38 percentage points
across last 4 releases
Last Call
Mar 2019
Predicted: -0.4
Actual: -5.1
Error: +4.7
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Bullish AUD | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Bullish AUD | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Bullish AUD | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Bullish NZD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The March 2019 reading fell from the previous value of -1.9. Over the last 4 releases, the Sigmanomics model has produced a median absolute forecast error of ±0.38. Historically, this indicator is positively correlated with AUD/USD (Bullish AUD) and positively correlated with AUD/JPY (Bullish AUD).
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House Price Index YoY - AU
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