The price index for residential properties for the weighted average of the eight capital cities rose 2.0% in the September quarter 2015. The index rose 10.7% through the year to the September quarter 2015.
The capital city residential property price indexes rose in Sydney (+3.1%), Melbourne (+2.9%), Brisbane (+1.3%), Adelaide (+1.2%), Canberra (+1.3%) and Hobart (+0.5) and fell in Perth (-2.4%) and Darwin (-0.4%).
Annually, residential property prices rose in Sydney (+19.9%), Melbourne (+9.9%), Canberra (+4.0%), Brisbane (+3.8%), Adelaide (+3.5%) and Hobart (+1.7%) and fell in Perth (-3.3%) and Darwin (-2.0%).
TOTAL VALUE OF THE DWELLING STOCK
The total value of residential dwellings in Australia was $5,859,824.6m at the end of September quarter 2015, rising $137,125.0m over the quarter.
The mean price of residential dwellings rose $11,900 to $612,200 and the number of residential dwellings rose by 38,600 to 9,572,400 in the September quarter 2015.
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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