6416.0 - Residential Property Price Indexes: Eight Capital Cities, Mar 2016 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 21/06/2016   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product


MARCH KEY FIGURES
Dec Qtr 15 to Mar Qtr 16
Mar Qtr 15 to Mar Qtr 16
RESIDENTIAL PROPERTY PRICES
% change
% change

Weighted average of eight capital cities
-0.2%
6.8%
Sydney
-0.7%
9.7%
Melbourne
0.8%
9.8%
Brisbane
0.3%
4.1%
Adelaide
0.5%
3.1%
Perth
-1.7%
-4.5%
Hobart
1.1%
4.2%
Darwin
-2.0%
-4.9%
Canberra
-0.4%
4.6%


Total value of the dwelling stock
Mar Qtr 16

Value of dwelling stock(a) ($m)
5 930 992.0
Mean price of residential dwellings ($'000)
613.9
Number of residential dwellings ('000)
9 661.5

(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, March Quarter 2016

MARCH KEY POINTS


CHANGES TO RESIDENTIAL PROPERTY PRICE INDEX
  • The price index for residential properties for the weighted average of the eight capital cities fell 0.2% in the March quarter 2016. The index rose 6.8% through the year to the March quarter 2016.
  • The capital city residential property price indexes fell in Sydney (-0.7%), Perth (-1.7%), Darwin (-2.0%) and Canberra (-0.4%) and rose in Melbourne (+0.8%), Brisbane (+0.3%), Adelaide (+0.5%) and Hobart (+1.1%).
  • Annually, residential property prices rose in Melbourne (+9.8%), Sydney (+9.7%), Canberra (+4.6%), Hobart (+4.2%), Brisbane (+4.1%) and Adelaide (+3.1%) and fell in Darwin (-4.9%) and Perth (-4.5%).


TOTAL VALUE OF THE DWELLING STOCK
  • The total value of residential dwellings in Australia was $5,930,992.0m at the end of the March quarter 2016, rising $15,392.2m over the quarter.
  • The mean price of residential dwellings fell $900 to $613,900 and the number of residential dwellings rose by 39,000 to 9,661,500 in the March quarter 2016.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 201620 September 2016
September 2016 13 December 2016
December 2016 21 March 2017
March 2017 20 June 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

Inquiries about these and related statistics, contact the National Information and Referral Service on 1300 135 070. The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to us.