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
| 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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