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MARCH KEY FIGURES

	Dec Qtr 13 to Mar Qtr 14	Mar Qtr 13 to Mar Qtr 14
RESIDENTIAL PROPERTY PRICES	% change	% change
Weighted average of eight capital cities	1.7	10.9
Sydney	2.3	15.7
Melbourne	2.1	10.9
Brisbane	0.8	6.1
Adelaide	0.7	4.9
Perth	1.1	7.3
Hobart	1.4	4.8
Darwin	1.1	4.1
Canberra	-0.1	1.1

Total value of the dwelling stock	Mar Qtr 14
Value of dwelling stock(a) ($m)	5 100 821.0
Mean price of residential dwellings ($'000)	546.5
Number of residential dwellings ('000)	9 333.7
(a) all sectors

Residential property prices, Weighted average of eight capital cities - Quarterly % change

Residential property prices, Quarterly % change - March quarter 2014

• Preliminary estimates show that the price index for residential properties for the weighted average of the eight capital cities rose 1.7% in the March quarter 2014. The index rose 10.9% through the year to the March quarter 2014.
• The capital city residential property price indexes rose in Sydney (+2.3%), Melbourne (+2.1%), Perth (+1.1%), Brisbane (+0.8%), Adelaide (+0.7%), Hobart (+1.4%), Darwin (+1.1%) and fell in Canberra (-0.1%).
• Annually, residential property prices rose in Sydney (+15.7%), Melbourne (+10.9%), Perth (+7.3), Brisbane (+6.1%), Adelaide (+4.9%), Hobart (+4.8%), Darwin (+4.1%), and Canberra (+1.1%).

• The total value of residential dwellings in Australia was $5,100,821.0 m at the end of March quarter 2014, rising $105,348.0 m over the quarter.
• The mean price of residential dwellings rose $9,100 and the number of residential dwellings rose by 37,400 in the March quarter 2014.