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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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