The price index for residential properties for the weighted average of the eight capital cities rose 2.0% in the June quarter 2016. The index rose 4.1% through the year to the June quarter 2016.
The capital city residential property price indexes rose in Sydney (+2.8%), Melbourne (+2.7%), Brisbane (+1.1%), Canberra (+2.2%), Adelaide (+0.8%) and Hobart (+0.7%) and fell in Perth (-1.2%) and Darwin (-2.4%).
Annually, residential property prices rose in Melbourne (+8.2%), Canberra (+6.0%), Hobart (+4.9%), Brisbane (+4.3%), Sydney (+3.6%) and Adelaide (+3.5%) and fell in Darwin (-6.5%) and Perth (-4.8%).
TOTAL VALUE OF THE DWELLING STOCK
The total value of residential dwellings in Australia was $6,045,080.8m at the end of the June quarter 2016, rising $138,302.8m over the quarter.
The mean price of residential dwellings rose $11,800 to $623,000 and the number of residential dwellings rose by 39,100 to $9,703,500 in the June quarter 2016.
NOTES
FORTHCOMING ISSUES
ISSUE (QUARTER)
Release Date
September 2016
13 December 2016
December 2016
21 March 2017
March 2017
20 June 2017
June 2017
26 September 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).
INQUIRIES
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