6416.0 - Residential Property Price Indexes: Eight Capital Cities, Sep 2016 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 13/12/2016   
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SEPTEMBER KEY FIGURES
Jun Qtr 16 to Sep Qtr 16
Sep Qtr 15 to Sep Qtr 16
RESIDENTIAL PROPERTY PRICES
% change
% change

Weighted average of eight capital cities
1.5
3.5
Sydney
2.6
3.2
Melbourne
1.7
6.9
Brisbane
0.2
3.1
Adelaide
0.9
3.2
Perth
-1.6
-4.0
Hobart
2.3
6.8
Darwin
-1.2
-7.2
Canberra
0.8
5.5


Total value of the dwelling stock
Sep Qtr 16

Value of dwelling stock(a) ($m)
6 155 225.1
Mean price of residential dwellings ($'000)
631.0
Number of residential dwellings ('000)
9 755.4

(a) all sectors
Graph Image for Residential Property Prices, Weighted average of eight capital cities, Quarterly percentage change


Graph Image for Residential Property Prices, Quarterly Percentage Change, September Quarter 2016




SEPTEMBER KEY POINTS


CHANGES TO RESIDENTIAL PROPERTY PRICE INDEX
  • The price index for residential properties for the weighted average of the eight capital cities rose 1.5% in the September quarter 2016. The index rose 3.5% through the year to the September quarter 2016.
  • The capital city residential property price indexes rose in Sydney (+2.6%), Melbourne (+1.7%), Adelaide (+0.9%), Brisbane (+0.2%), Canberra (+0.8%) and Hobart (+2.3%) and fell in Perth (-1.6%) and Darwin (-1.2%).
  • Annually, residential property prices rose in Melbourne (+6.9%), Hobart (+6.8%), Canberra (+5.5%), Sydney (+3.2%), Adelaide (+3.2%) and Brisbane (+3.1%), and fell in Darwin (-7.2%) and Perth (-4.0%).



TOTAL VALUE OF THE DWELLING STOCK
  • The total value of residential dwellings in Australia was $6,155,225.1m at the end of the September quarter 2016, rising $112,142.3m over the quarter.
  • The mean price of residential dwellings rose $9,000 to $631,000 and the number of residential dwellings rose by 39,300 to 9,755,400 in the September quarter 2016.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2016 21 March 2017
March 201720 June 2017
June 2017 26 September 2017
September 201712 December 2017


CHANGES IN THIS ISSUE

A recent assessment of Table 4 Median Price (unstratified) and Table 5 Number of Transfers (Capital City and Rest of State) shows that the current quarter data is revised in the following quarter. As a result of this assessment and user feedback, these tables will now include a 'flag' on each cell for the current quarter stating that data is preliminary ('p') and subject to revision.


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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