ABS House Price Index future in doubt

ABS House Price Index future in doubt
ABS House Price Index future in doubt

The ABS' acting chief statistician, Jonathan Palmer, has announced planned reductions to the Australian Bureau of Statistics (ABS) work program. 

The ABS must reduce expenditure by about $50 million over the next three years. 

The process will include a review of the House Price Index, with the view to discontinuing it pending identification of alternative sources to meet the Australian National Accounts and other requirements.

The ABS has compiled a House Price Index (HPI) since 1986.

The hotel sector isn't happy with the scrapping of data collection in the Survey of Tourist Accommodation because of the funding cuts.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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