6416.0 - Residential Property Price Indexes: Eight Capital Cities, Sep 2018 Quality Declaration
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 11/12/2018 Released Today
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SEPTEMBER KEY FIGURES
SEPTEMBER KEY POINTS
CHANGES TO RESIDENTIAL PROPERTY PRICE INDEX
§ The price index for residential properties for the weighted average of the eight capital cities fell 1.5% in the September quarter 2018. The index fell 1.9% through the year to the September quarter 2018.
§ The capital city residential property price indexes fell in Melbourne (-2.6%), Sydney (-1.9%), Perth (-0.6%) and Darwin (-0.9%), and rose in Brisbane (+0.6%), Adelaide (+0.6%), Hobart (+1.3%) and Canberra (+0.5%).
§ Annually, residential property prices fell in Sydney (-4.4%), Darwin (-4.4%), Melbourne (-1.5%), Perth (-0.5%) and rose in Hobart (+13.0%), Canberra (+3.7%), Adelaide (+2.0%) and Brisbane (+1.7%).
TOTAL VALUE OF THE DWELLING STOCK
§ The total value of residential dwellings in Australia was $6,847,057.2m at the end of the September quarter 2018, falling $70,148.6m over the quarter.
§ The mean price of residential dwellings fell $9,700 to $675,000 and the number of residential dwellings rose by 40,900 to 10,143,700 in the September quarter 2018.
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 prices and transfers (see paragraph 44 of the Explanatory Notes).
CHANGES IN FUTURE ISSUES
From the December quarter 2018, a number of changes will be made to this publication. The weights and the variables used to stratify the residential property price indexes, and inputs used to compile the total value of dwelling stock, will be updated using data from the 2016 Census of Population and Housing. The December quarter 2018 publication is scheduled for release on 19 March 2019.
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