6416.0 - Residential Property Price Indexes: Eight Capital Cities, Dec 2017 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 20/03/2018   
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DECEMBER KEY FIGURES
Sep Qtr 17 to Dec Qtr 17
Dec Qtr 16 to Dec Qtr 17
RESIDENTIAL PROPERTY PRICES
% change
% change
Weighted average of eight capital cities
1.0
5.0
Sydney
-0.1
3.8
Melbourne
2.6
10.2
Brisbane
0.9
2.1
Adelaide
0.6
3.6
Perth
1.1
-1.7
Hobart
3.9
13.1
Darwin
-1.5
-6.3
Canberra
1.7
5.7

Total value of the dwelling stock
Dec Qtr 17
Value of dwelling stock(a) ($m)
6 869 006.7
Mean price of residential dwellings ($'000)
686.7
Number of residential dwellings ('000)
10 003.1
(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 Percentage Quarterly Change 8 caps - Timeseries



Graph Image for Residential Property Prices, Quarterly Percentage Change, December Quarter 2017

Source(s): Residential Property Prices, Quarterly Percentage Change, December Quarter 2017-Residential Property Prices, Quarterly Percentage Change, December Quarter 2017





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 1.0% in the December quarter 2017. The index rose 5.0% through the year to the December quarter 2017.
  • The capital city residential property price indexes rose in Melbourne (+2.6%), Perth (+1.1%), Brisbane (+0.9%), Hobart (+3.9%), Canberra (+1.7%) and Adelaide (+0.6%) and fell in Sydney (-0.1%) and Darwin (-1.5%).
  • Annually, residential property prices rose in Hobart (+13.1%), Melbourne (+10.2%), Canberra (+5.7%), Sydney (+3.8%), Adelaide (+3.6%) and Brisbane (+2.1%) and fell in Darwin (-6.3%) and Perth (-1.7%).


TOTAL VALUE OF THE DWELLING STOCK
  • The total value of residential dwellings in Australia was $6,869,006.7m at the end of the December quarter 2017, rising $92,858.9m over the quarter.
  • The mean price of residential dwellings rose $6,500 to $686,700 and the number of residential dwellings rose by 40,400 to 10,003,100 in the December quarter 2017.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 201819 June 2018
June 201818 September 2018
September 201811 December 2018
December 201819 March 2019


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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