The price index for residential properties for the weighted average of the eight capital cities fell 0.7% in the March quarter 2018. The index rose 2.0% through the year to the March quarter 2018.
The capital city residential property price indexes fell in Sydney (-1.2%), Melbourne (-0.6%), Perth (-0.9%), Brisbane (-0.6%) and Darwin (-1.1%) and rose in Hobart (+4.3%), Adelaide (+0.5%) and Canberra (+0.9%).
Annually, residential property prices rose in Hobart (+14.1%), Melbourne (+6.2%), Canberra (+3.8%), Adelaide (+2.6%) and Brisbane (+1.6%) and fell in Darwin (-6.5%), Perth (-1.5%) and Sydney (-0.5%).
TOTAL VALUE OF THE DWELLING STOCK
The total value of residential dwellings in Australia was $6,913,636.6m at the end of the March quarter 2018, falling $22,498.3m over the quarter.
The mean price of residential dwellings fell $5,100 to $687,700 and the number of residential dwellings rose by 40,600 to 10,052,600 in the March quarter 2018.
18 September 2018
11 December 2018
19 March 2019
18 June 2019
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).
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