6416.0 - Residential Property Price Indexes: Eight Capital Cities, Mar 2017 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 20/06/2017   
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MARCH KEY FIGURES
Dec Qtr 16 to Mar Qtr 17
Mar Qtr 16 to Mar Qtr 17
RESIDENTIAL PROPERTY PRICES
% change
% change
Weighted average of eight capital cities
2.2
10.2
Sydney
3.0
14.4
Melbourne
3.1
13.4
Brisbane
0.0
3.5
Adelaide
1.5
5.0
Perth
-1.0
-3.5
Hobart
3.4
11.3
Darwin
-0.9
-5.9
Canberra
2.8
8.9

Total value of the dwelling stock
Mar Qtr 17
Value of dwelling stock(a) ($m)
6 602 132.3
Mean price of residential dwellings ($'000)
669.7
Number of residential dwellings ('000)
9 858.4
(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, March Quarter 2017

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





MARCH KEY POINTS


CHANGES TO RESIDENTIAL PROPERTY PRICE INDEX
  • The price index for residential properties for the weighted average of the eight capital cities rose 2.2% in the March quarter 2017. The index rose 10.2% through the year to the March quarter 2017.
  • The capital city residential property price indexes rose in Sydney (+3.0%), Melbourne (+3.1%), Adelaide (+1.5%), Canberra (+2.8%) and Hobart (+3.4%) and fell in Perth (-1.0%) and Darwin (-0.9%). Brisbane was flat (0.0%).
  • Annually, residential property prices rose in Sydney (+14.4%), Melbourne (+13.4%), Hobart (+11.3%), Canberra (+8.9%), Adelaide (+5.0%) and Brisbane (+3.5%) and fell in Darwin (-5.9%) and Perth (-3.5%).


TOTAL VALUE OF THE DWELLING STOCK
  • The total value of residential dwellings in Australia was $6,602,132.3m at the end of the March quarter 2017, rising $163,122.9m over the quarter.
  • The mean price of residential dwellings rose $13,900 to $669,700 and the number of residential dwellings rose by 39,800 to 9,858,400 in the March quarter 2017.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 2017 19 September 2017
September 201712 December 2017
December 2017 20 March 2018
March 201819 June 2018


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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