6416.0 - Residential Property Price Indexes: Eight Capital Cities, Sep 2017 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 12/12/2017   
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SEPTEMBER KEY FIGURES
Jun Qtr 17 to Sep Qtr 17
Sep Qtr 16 to Sep Qtr 17
RESIDENTIAL PROPERTY PRICES
% change
% change
Weighted average of eight capital cities
-0.2
8.3
Sydney
-1.4
9.4
Melbourne
1.1
13.2
Brisbane
0.7
3.5
Adelaide
0.7
4.8
Perth
-1.0
-2.4
Hobart
3.4
13.8
Darwin
-2.6
-6.3
Canberra
-0.2
6.9

Total value of the dwelling stock
Sep Qtr 17
Value of dwelling stock(a) ($m)
6 779 325.1
Mean price of residential dwellings ($'000)
681.1
Number of residential dwellings ('000)
9 954.1
(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, September Quarter 2017

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






SEPTEMBER KEY POINTS


CHANGES TO RESIDENTIAL PROPERTY PRICE INDEX
  • The price index for residential properties for the weighted average of the eight capital cities fell 0.2% in the September quarter 2017. The index rose 8.3% through the year to the September quarter 2017.
  • The capital city residential property price indexes fell in Sydney (-1.4%), Perth (-1.0%), Darwin (-2.6%) and Canberra (-0.2%) and rose in Melbourne (+1.1%), Brisbane (+0.7%), Adelaide (+0.7%) and Hobart (+3.4%).
  • Annually, residential property prices rose in Hobart (+13.8%), Melbourne (+13.2%), Sydney (+9.4%), Canberra (+6.9%), Adelaide (+4.8%) and Brisbane (+3.5%) and fell in Darwin (-6.3%) and Perth (-2.4%).


TOTAL VALUE OF THE DWELLING STOCK
  • The total value of residential dwellings in Australia was $6,779,325.1m at the end of the September quarter 2017, rising $14,843.2m over the quarter.
  • The mean price of residential dwellings fell $1,200 to $681,100 and the number of residential dwellings rose by 40,200 to 9,954,100 in the September quarter 2017.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 201720 March 2018
March 201819 June 2018
June 2018 18 September 2018
September 201811 December 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).


INQUIRIES

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