6416.0 - Residential Property Price Indexes: Eight Capital Cities, Sep 2014 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 11/11/2014   
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SEPTEMBER KEY FIGURES

Jun Qtr 14 to Sep Qtr 14
Sep Qtr 13 to Sep Qtr 14
RESIDENTIAL PROPERTY PRICES
% change
% change

Weighted average of eight capital cities
1.5
9.1
Sydney
2.7
14.6
Melbourne
1.0
6.9
Brisbane
1.0
6.7
Adelaide
1.0
5.6
Perth
-0.1
3.7
Hobart
1.0
4.3
Darwin
0.3
3.4
Canberra
0.3
2.4


Total value of the dwelling stock
Sep Qtr 14

Value of dwelling stock(a) ($m)
5 296 305.3
Mean price of residential dwellings ($'000)
563.1
Number of residential dwellings ('000)
9 405.1

(a) all sectors

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

Residential property prices, Quarterly % change - September quarter 2014
Graph: Residential property prices, Quarterly % change—September quarter 2014




SEPTEMBER KEY POINTS


CHANGES TO RESIDENTIAL PROPERTY PRICE INDEX
  • Preliminary estimates show that the price index for residential properties for the weighted average of the eight capital cities rose 1.5% in the September quarter 2014. The index rose 9.1% through the year to the September quarter 2014.
  • The capital city residential property price indexes rose in Sydney (+2.7%), Melbourne (+1.0%), Brisbane (+1.0%), Adelaide (+1.0%), Hobart (+1.0%), Canberra (+0.3%) and Darwin (+0.3%) and fell in Perth (-0.1%).
  • Annually, residential property prices rose in Sydney (+14.6%), Melbourne (+6.9%), Brisbane (+6.7%), Adelaide (+5.6%), Hobart (+4.3%), Perth (+3.7), Darwin (+3.4%), and Canberra (+2.4%).


TOTAL VALUE OF THE DWELLING STOCK
  • The total value of residential dwellings in Australia was $5,296,305.3m at the end of September quarter 2014, rising $99,578m over the quarter.
  • The mean price of residential dwellings rose $8,300 and the number of residential dwellings rose by 37,700 in the September quarter 2014.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2014 10 February 2015
March 2015 23 June 2015
June 2015 22 September 2015
September 2015 15 December 2015



REVISIONS

Estimates for the two most recent quarters of the indexes are preliminary and subject to revision (see paragraph 26 of the Explanatory Notes).


CHANGES IN THIS ISSUE

This issue contains a Feature Article detailing the Outcomes of the ABS Residential Property Price Index Review.


INQUIRIES

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