MARCH KEY FIGURES

	Dec Qtr 18 to Mar Qtr 19	Mar Qtr 18 to Mar Qtr 19
RESIDENTIAL PROPERTY PRICES	% change	% change
Weighted average of eight capital cities	-3.0%	-7.4%
Sydney	-3.9%	-10.3%
Melbourne	-3.8%	-9.4%
Brisbane	-1.5%	-1.3%
Adelaide	-0.2%	0.8%
Perth	-1.1%	-2.7%
Hobart	-0.4%	4.6%
Darwin	-1.8%	-4.2%
Canberra	-0.9%	0.0%

Total value of the dwelling stock	Mar Qtr 19
Value of dwelling stock(a) ($m)	6 564 377.3
Mean price of residential dwellings ($'000)	636.9
Number of residential dwellings ('000)	10 307.6
(a) all sectors Source(s): Residential Property Prices, Weighted average of eight capital cities, Quarterly percentage change-RPPI Percentage Quarterly Change 8 caps - Timeseries Source(s): Residential Property Prices, Quarterly Percentage Change, March Quarter 2019-Residential Property Prices, Quarterly Percentage Change, March Quarter 2019

MARCH KEY POINTS


CHANGES TO RESIDENTIAL PROPERTY PRICE INDEX

§ The price index for residential properties for the weighted average of the eight capital cities fell 3.0% in the March quarter 2019. The index fell 7.4% through the year to the March quarter 2019.
§ The capital city residential property price indexes fell in Sydney (-3.9%), Melbourne (-3.8%), Brisbane (-1.5%), Perth (-1.1%), Canberra (-0.9%), Darwin (-1.8%), Adelaide (-0.2%) and Hobart (-0.4%).
§ Annually, residential property prices fell in Sydney (-10.3%), Melbourne (-9.4%), Darwin (-4.2%), Perth (-2.7%) and Brisbane (-1.3%), rose in Hobart (+4.6%) and Adelaide (+0.8%) and was flat (0.0%) in Canberra.

TOTAL VALUE OF THE DWELLING STOCK

§ The total value of residential dwellings in Australia was $6,564,377.3m at the end of the March quarter 2019, falling $172,749.1m over the quarter.
§ The mean price of residential dwellings fell $19,400 to $636,900 and the number of residential dwellings rose by 42,900 to 10,307,600 in the March quarter 2019.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
June 2019	17 September 2019
September 2019	17 December 2019
December 2019	17 March 2020
March 2020	16 June 2020

REVISIONS

Revisions apply to estimates for the second and third most recent quarters of the total value of dwelling stock (see paragraph 41 of the Explanatory Notes) and to median prices and transfers (see paragraph 48 of the Explanatory Notes).


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