Australian house prices in December +1.2% m/m (prior +2.0%)

CoreLogic data, the headline is the 'combined capitals'

• For the y/y up 3.0%

The 'national' level results is +1.1% m/m and 2.3% y/y.

House prices had been on the decline in Australia, which impacted to slow consumer spending and confidence … maybe the pick up will help turn these around. Prices have steadied and improved over the past 6 months.

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Earlier from Oz ...ugly:

• Australia - CBA Manufacturing PMI for December, final, 49.2