6416.0 - Residential Property Price Indexes: Eight Capital Cities, Jun 2015 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 22/09/2015   
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JUNE KEY FIGURES

Mar Qtr 15 to Jun Qtr 15
Jun Qtr 14 to Jun Qtr 15
RESIDENTIAL PROPERTY PRICES
% change
% change

Weighted average of eight capital cities
4.7
9.8
Sydney
8.9
18.9
Melbourne
4.2
7.8
Brisbane
0.9
2.9
Adelaide
0.5
2.7
Perth
-0.9
-1.2
Hobart
0.0
1.5
Darwin
-0.8
-1.8
Canberra
0.8
2.8


Total value of the dwelling stock
Jun Qtr 15

Value of dwelling stock(a) ($m)
5 761 607.2
Mean price of residential dwellings ($'000)
604.7
Number of residential dwellings ('000)
9 528.3

(a) all sectors

Residential Property Prices, Weighted average of eight capital cities - Quarterly % Change
Graph: Residential Property Prices, Weighted average of eight capital cities—Quarterly % Change

Residential Property Prices, Quarterly % change - June quarter 2015
Graph: Residential Property Prices, Quarterly % change—June quarter 2015




JUNE KEY POINTS


CHANGES TO RESIDENTIAL PROPERTY PRICE INDEX
  • The price index for residential properties for the weighted average of the eight capital cities rose 4.7% in the June quarter 2015. The index rose 9.8% through the year to the June quarter 2015.
  • The capital city residential property price indexes rose in Sydney (+8.9%), Melbourne (+4.2%), Brisbane (+0.9%), Adelaide (+0.5%) and Canberra (+0.8%), was flat in Hobart (0.0%) and fell in Perth (-0.9%) and Darwin (-0.8%).
  • Annually, residential property prices rose in Sydney (+18.9%), Melbourne (+7.8%), Brisbane (+2.9%), Canberra (+2.8%), Adelaide (+2.7%) and Hobart (+1.5%) and fell in Darwin (-1.8%) and Perth (-1.2%).


TOTAL VALUE OF THE DWELLING STOCK
  • The total value of residential dwellings in Australia was $5,761,607.2m at the end of June quarter 2015, rising $271,939.1m over the quarter.
  • The mean price of residential dwellings rose $26,200 to $604,700 and the number of residential dwellings rose by 38,400 to 9,528,300 in the June quarter 2015.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2015 15 December 2015
December 2015 22 March 2016
March 2016 21 June 2016
June 2016 20 September 2016



CHANGES IN THIS ISSUE

Changes to the index revision process were implemented in the March quarter 2015. The published index numbers are now considered final. As a consequence, from the June quarter 2015, Table 7, Revisions to Residential Property Price Index Series is no longer published. Further details are available in the Feature Article: Implementation of the ABS Residential Property Price Index Review Outcomes.

As a result of Table 7 no longer being published, Table 8, All Index Numbers and Table 9, Established House Price Index, Pre-September Quarter 2005 Methodology, have been renumbered to Table 7 and Table 8 respectively. There is no change to the Series IDs and structure of the table

From the June quarter 2015, the Residential Property Price Indexes: Eight Capital Cities (cat. no. 6416.0) publication is available from the ABS website in electronic format only. The March quarter 2015 release was the final issue that contained a PDF version.


REVISIONS

Estimates for the second and third most recent quarters of the total value of dwelling stock are subject to revision (see paragraph 38 of the Explanatory Notes).


INQUIRIES

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