Australian Bureau of Statistics

Rate this page
ABS Home > Statistics > By Catalogue Number
ABS @ Facebook ABS @ Twitter ABS RSS ABS Email notification service
6416.0 - Residential Property Price Indexes: Eight Capital Cities, Mar 2015 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 23/06/2015   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product
MEDIA RELEASE
23 June 2015
Embargo: 11.30 am (Canberra time)
72/2015

Sydney continues to drive residential property price increases
Sydney continues to drive residential property price increases with the Residential Property Price Index (RPPI) for Sydney rising 3.1 per cent in the March quarter 2015 and 13.1 per cent in the previous year according to figures released today by the Australian Bureau of Statistics (ABS). Established house prices for Sydney rose 3.8 per cent and attached dwelling prices rose 2.2 per cent.
The RPPI for the weighted average of the eight capital cities rose 1.6 per cent in the March quarter 2015 and 6.9 per cent in the previous year.

As well as the rise in Sydney, the RPPI rose in Melbourne (+0.6 per cent), Brisbane (+0.4 per cent), Adelaide (+0.7 per cent), Canberra (+1.1 per cent) and Hobart (+0.5 per cent). The RPPI fell in Darwin (-0.2 per cent) and Perth (-0.1 per cent).

The total value of Australia's 9.5 million residential dwellings increased to $5.5 trillion. The mean price of dwellings in Australia is now $576,100, an increase of $8,400 over the quarter.

A review of the Residential Property Price Indexes was undertaken in 2014 as a response to planned reductions to the ABS work program. The review outcomes have been implemented in the March quarter 2015. Detailed information relating to the implementation of the review outcomes is available in Residential Property Price Indexes: Eight Capital Cities (cat. no. 6416.0), available for free download from the ABS website - http://www.abs.gov.au.

Media notes:
  • Established houses are detached residential dwellings on their own block of land regardless of age.
  • Attached dwellings includes flats, units and apartments plus semi-detached, row and terrace houses.
  • The value and mean price of residential dwellings includes any land.
  • When reporting ABS data the Australian Bureau of Statistics (or ABS) must be attributed as the source.
  • Media requests and interviews - contact the ABS Communications Section on 1300 175 070.

Bookmark and Share. Opens in a new window

Commonwealth of Australia 2015

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.