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.
20 March 2018
19 June 2018
18 September 2018
11 December 2018
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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