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6416.0 - Residential Property Price Indexes: Eight Capital Cities, Sep 2015 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 15/12/2015   
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SEPTEMBER KEY FIGURES

Jun Qtr 15 to Sep Qtr 15
Sep Qtr 14 to Sep Qtr 15
RESIDENTIAL PROPERTY PRICES
% change
% change

Weighted average of eight capital cities
2.0
10.7
Sydney
3.1
19.9
Melbourne
2.9
9.9
Brisbane
1.3
3.8
Adelaide
1.2
3.5
Perth
-2.4
-3.3
Hobart
0.5
1.7
Darwin
-0.4
-2.0
Canberra
1.3
4.0


Total value of the dwelling stock
Sep Qtr 15

Value of dwelling stock(a) ($m)
5 859 824.6
Mean price of residential dwellings ($'000)
612.2
Number of residential dwellings ('000)
9 572.4

(a) all sectors

Graph Image for Residential Property Prices, Weighted average of 8 capital cities, Quarterly percentage change


Graph Image for Residential Property Prices, Quarterly Percentage Change, September quarter 2015


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 2.0% in the September quarter 2015. The index rose 10.7% through the year to the September quarter 2015.
  • The capital city residential property price indexes rose in Sydney (+3.1%), Melbourne (+2.9%), Brisbane (+1.3%), Adelaide (+1.2%), Canberra (+1.3%) and Hobart (+0.5) and fell in Perth (-2.4%) and Darwin (-0.4%).
  • Annually, residential property prices rose in Sydney (+19.9%), Melbourne (+9.9%), Canberra (+4.0%), Brisbane (+3.8%), Adelaide (+3.5%) and Hobart (+1.7%) and fell in Perth (-3.3%) and Darwin (-2.0%).


TOTAL VALUE OF THE DWELLING STOCK
  • The total value of residential dwellings in Australia was $5,859,824.6m at the end of September quarter 2015, rising $137,125.0m over the quarter.
  • The mean price of residential dwellings rose $11,900 to $612,200 and the number of residential dwellings rose by 38,600 to 9,572,400 in the September quarter 2015.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2015 22 March 2016
March 2016 21 June 2016
June 2016 20 September 2016
September 2016 13 December 2016



CHANGES IN THIS ISSUE

This issue contains the Feature Article: The Australian Residential Property Market. The article provides a framework and set of indicators to assist in the assessment of the residential property market.


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).


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