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6416.0.55.002 - Information Paper: Forthcoming changes to House Price Indexes: Eight Capital Cities, 2013  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 24/09/2013  First Issue
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CHAPTER 5 OTHER CHANGES TO OUTPUTS


TIMING

5.1 All changes outlined in this chapter will occur as part of the December quarter 2013 release of the Residential Property Price Indexes: Eight Capital Cities (cat. no. 6416.0)


CHANGES TO TIMING OF THE PUBLICATION

5.2 Currently the House Price Indexes: Eight Capital Cities (cat. no. 6416.0) is released approximately five weeks after the end of the reference period. From the December quarter 2013, the updated Residential Property Price Indexes: Eight Capital Cities (cat. no. 6416.0) will be released six weeks after the end of the reference period in order to accommodate the new outputs.

5.3 Release dates for forthcoming issues are as follows:

  • September quarter 2013 4 November 2013
  • December quarter 2013 11 February 2014
  • March quarter 2014 13 May 2014
  • June quarter 2014 12 August 2014


CHANGES TO KEY FIGURES DATA

5.4 The key figures and key points highlighted on the front cover of the publication will relate to the aggregated RPPI and the TVDS.


NEW OUTPUTS FOR TRANSFER COUNTS AND MEDIANS

5.5 The ABS will expand the output for median price and transfer counts of established houses for capital cities to include attached dwellings.

5.6 Additional outputs for median price and transfer counts for the balance of state for established houses and attached dwellings will be included in a time series spreadsheet as a part of Residential Property Price Indexes: Eight Capital Cities (cat. no. 6416.0) published on the website <www.abs.gov.au>.


CESSATION OF THE PUBLICATION OF SELECTED PRICE INDEXES

5.7 The ABS will cease to publish the following outputs that are currently available in Tables 3, 4, 5 and 6 of the current publication:
  • Project homes;
  • Input to the house construction industry;
  • Construction industry total hourly rates of pay; and
  • National accounts private housing investment.

5.8 The Project Homes price index is published in Consumer Price Index, Australia (cat. no. 6401.0) in Tables 7 and 11 of the time series spreadsheets as a component of ‘New dwelling purchase by owner-occupiers’.

5.9 The Input to House Construction industry is published in Producer Price Indexes, Australia (cat. no. 6427.0) in Table 18 of the time series spreadsheet.

5.10 The Construction Industry Total hourly rates of pay is published in Wage Price Index, Australia (cat. no. 6345.0) in Table 5b of the time series spreadsheet.

5.11 National Accounts Private Housing Investment will no longer be regularly published by the ABS but will be available upon request.


CHANGES IN TERMINOLOGY

5.12 The current HPI benchmark series which is based on the complete, or near complete, VGs dataset is not revised. The benchmark series for the ADPI, HPI and RPPI will be referred to as the Final series. Index series for the two most recent quarters will continue to be referred to as the leading indicator series.

5.13 The stratification approach used in the HPI separates the total sample of residential properties into a number of sub-samples or groups based on similar characteristics. These groupings have previously been referred to as ‘clusters’; they will now be termed ‘strata’ or 'stratum'.


CHANGES TO PUBLISHED TABLES

5.14 Examples of the revised table formats are available in Appendix 3: Sample Publication Tables.

5.15 The tables that will be published in Residential Property Price Indexes: Eight Capital Cities (cat. no. 6416.0) from the December quarter 2013 are as follows:
  • Table 1. Residential Property Price Index, index numbers and percentage changes;
  • Table 2. Established House Price Index, index numbers and percentage changes;
  • Table 3. Attached Dwellings Price Index, index numbers and percentage changes;
  • Table 4. Median Price of Capital City Transfers (unstratified);
  • Table 5. Number of Capital City Transfers;
  • Table 6. Value of the Dwelling Stock; and
  • Table 7: Revisions to the Residential Property Price Index.


CHANGES TO TIME SERIES SPREADSHEETS

5.16 The time series spreadsheets that will be published from the December quarter 2013 in Residential Property Price Indexes: Eight Capital Cities (cat. no. 6416.0) are listed below. Examples of the time series spreadsheets including the Series IDs will be available on the ABS website <www.abs.gov.au> in the Download tab of this publication. See Appendix 4 for a concordance of Series IDs and Table numbers.
  • Table 1. Residential Property Price Index, index numbers and percentage changes;
  • Table 2. Established House Price Index, index numbers and percentage changes;
  • Table 3. Attached Dwellings Price Index, index numbers and percentage changes;
  • Table 4 and 5. Median Price (unstratified) and Number of Transfers (Capital City and Balance of State);
  • Table 6. Value of the Dwelling Stock;
  • Table 7. Revisions to the Index series;
  • Table 8. All Index Numbers; and
  • Table 9. Established House Price Index, Index Numbers, Pre-September Quarter 2005 Methodology.


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