6416.0 - Residential Property Price Indexes: Eight Capital Cities, Jun 2016 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 20/09/2016   
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JUNE KEY FIGURES
Mar Qtr 16 to Jun Qtr 16
Jun Qtr 15 to Jun Qtr 16
RESIDENTIAL PROPERTY PRICES
% change
% change

Weighted average of eight capital cities
2.0
4.1
Sydney
2.8
3.6
Melbourne
2.7
8.2
Brisbane
1.1
4.3
Adelaide
0.8
3.5
Perth
-1.2
-4.8
Hobart
0.7
4.9
Darwin
-2.4
-6.5
Canberra
2.2
6.0


Total value of the dwelling stock
Jun Qtr 16

Value of dwelling stock(a) ($m)
6 045 080.8
Mean price of residential dwellings ($'000)
623.0
Number of residential dwellings ('000)
9 703.5

(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, June Quarter 2016



JUNE KEY POINTS


CHANGES TO RESIDENTIAL PROPERTY PRICE INDEX
  • 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 201720 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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