6416.0 - Residential Property Price Indexes: Eight Capital Cities, Jun 2017 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 19/09/2017   
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JUNE KEY FIGURES
Mar Qtr 17 to Jun Qtr 17
Jun Qtr 16 to Jun Qtr 17
RESIDENTIAL PROPERTY PRICES
% change
% change
Weighted average of eight capital cities
1.9
10.2
Sydney
2.3
13.8
Melbourne
3.0
13.8
Brisbane
0.6
3.0
Adelaide
0.8
5.0
Perth
-0.8
-3.1
Hobart
1.8
12.4
Darwin
-1.4
-4.9
Canberra
1.3
7.9

Total value of the dwelling stock
Jun Qtr 17
Value of dwelling stock(a) ($m)
6 726 783.5
Mean price of residential dwellings ($'000)
679.1
Number of residential dwellings ('000)
9 906.1
(a) all sectors


Graph Image for Residential Property Prices, Weighted average of eight capital cities, Quarterly percentage change

Source(s): Residential Property Prices, Weighted average of eight capital cities, Quarterly percentage change-RPPI Percentage Quarterly Change 8 caps - Timeseries


Graph Image for Residential Property Prices, Quarterly Percentage Change, June Quarter 2017

Source(s): Residential Property Prices, Quarterly Percentage Change, June Quarter 2017-Residential Property Prices, Quarterly Percentage Change, June Quarter 2017





JUNE KEY POINTS


CHANGES TO RESIDENTIAL PROPERTY PRICE INDEX
  • The price index for residential properties for the weighted average of the eight capital cities rose 1.9% in the June quarter 2017. The index rose 10.2% through the year to the June quarter 2017.
  • The capital city residential property price indexes rose in Sydney (+2.3%), Melbourne (+3.0%), Brisbane (+0.6%), Adelaide (+0.8%), Canberra (+1.3%) and Hobart (+1.8%) and fell in Perth (-0.8%) and Darwin (-1.4%).
  • Annually, residential property prices rose in Sydney (+13.8%), Melbourne (+13.8%), Hobart (+12.4%), Canberra (+7.9%), Adelaide (+5.0%) and Brisbane (+3.0%) and fell in Darwin (-4.9%) and Perth (-3.1%).


TOTAL VALUE OF THE DWELLING STOCK
  • The total value of residential dwellings in Australia was $6,726,783.5m at the end of the June quarter 2017, rising $145,868.5m over the quarter.
  • The mean price of residential dwellings rose $12,100 to $679,100 and the number of residential dwellings rose by 40,000 to 9,906,100 in the June quarter 2017.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2017 12 December 2017
December 201720 March 2018
March 2018 19 June 2018
June 201818 September 2018


REVISIONS

Revisions apply to estimates for the second and third most recent quarters of the total value of dwelling stock (see paragraph 38 of the Explanatory Notes) and to median counts and transfers (see paragraph 44 of the Explanatory Notes).


INQUIRIES

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