6416.0 - Residential Property Price Indexes: Eight Capital Cities, Dec 2015 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 22/03/2016   
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DECEMBER KEY FIGURES

Sep Qtr 15 to Dec Qtr 15
Dec Qtr 14 to Dec Qtr 15
RESIDENTIAL PROPERTY PRICES
% change
% change
Weighted average of eight capital cities
0.2%
8.7%
Sydney
-1.6%
13.9%
Melbourne
1.6%
9.6%
Brisbane
1.6%
4.2%
Adelaide
0.9%
3.3%
Perth
0.5%
-2.9%
Hobart
2.5%
3.5%
Darwin
-1.8%
-3.2%
Canberra
2.8%
6.0%

Total value of the dwelling stock
Dec Qtr 15
Value of dwelling stock(a) ($m)
5 885 967.2
Mean price of residential dwellings ($'000)
612.1
Number of residential dwellings ('000)
9 615.8
(a) all sectors
Graph Image for Residential Property Prices, Weighted average of eight capital cities, Quarterly percentage change

Source(s): Residential Property Prices, Weighted average of eight capital cities, Quarterly percentage change-RPPI_QuarterlyChange_Timeseries



Graph Image for Residential Property Prices, Quarterly Percentage Change, December Quarter 2015

Source(s): Residential Property Prices, Quarterly Percentage Change, December Quarter 2015-RPPI_PCT_Q_PrevQ for KP



DECEMBER KEY POINTS


CHANGES TO RESIDENTIAL PROPERTY PRICE INDEX
  • The price index for residential properties for the weighted average of the eight capital cities rose 0.2% in the December quarter 2015. The index rose 8.7% through the year to the December quarter 2015.
  • The capital city residential property price indexes rose in Melbourne (+1.6%), Brisbane (+1.6%), Adelaide (+0.9%), Canberra (+2.8%), Perth (+0.5%) and Hobart (+2.5%) and fell in Sydney (-1.6%) and Darwin (-1.8%).
  • Annually, residential property prices rose in Sydney (+13.9%), Melbourne (+9.6%), Canberra (+6.0%), Brisbane (+4.2%), Hobart (+3.5%) and Adelaide (+3.3%) and fell in Darwin (-3.2%) and Perth (-2.9%).


TOTAL VALUE OF THE DWELLING STOCK
  • The total value of residential dwellings in Australia was $5,885,967.2m at the end of December quarter 2015, rising $31,557.1m over the quarter.
  • The mean price of residential dwellings rose $800 to $612,100 and the number of residential dwellings rose by 38,700 to 9,615,800 in the December quarter 2015.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2016 21 June 2016
June 2016 20 September 2016
September 2016 13 December 2016
December 2016 21 March 2017




REVISIONS

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 counts and transfers (see paragraph 44 of the Explanatory Notes).


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