SEPTEMBER KEY FIGURES

	Jun Qtr 17 to Sep Qtr 17	Sep Qtr 16 to Sep Qtr 17
RESIDENTIAL PROPERTY PRICES	% change	% change
Weighted average of eight capital cities	-0.2	8.3
Sydney	-1.4	9.4
Melbourne	1.1	13.2
Brisbane	0.7	3.5
Adelaide	0.7	4.8
Perth	-1.0	-2.4
Hobart	3.4	13.8
Darwin	-2.6	-6.3
Canberra	-0.2	6.9

Total value of the dwelling stock	Sep Qtr 17
Value of dwelling stock(a) ($m)	6 779 325.1
Mean price of residential dwellings ($'000)	681.1
Number of residential dwellings ('000)	9 954.1
(a) all sectors Source(s): Residential Property Prices, Weighted average of eight capital cities, Quarterly percentage change-RPPI Percentage Quarterly Change 8 caps - Timeseries

SEPTEMBER 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 September quarter 2017. The index rose 8.3% through the year to the September quarter 2017.
• The capital city residential property price indexes fell in Sydney (-1.4%), Perth (-1.0%), Darwin (-2.6%) and Canberra (-0.2%) and rose in Melbourne (+1.1%), Brisbane (+0.7%), Adelaide (+0.7%) and Hobart (+3.4%).
• Annually, residential property prices rose in Hobart (+13.8%), Melbourne (+13.2%), Sydney (+9.4%), Canberra (+6.9%), Adelaide (+4.8%) and Brisbane (+3.5%) and fell in Darwin (-6.3%) and Perth (-2.4%).

TOTAL VALUE OF THE DWELLING STOCK

• The total value of residential dwellings in Australia was $6,779,325.1m at the end of the September quarter 2017, rising $14,843.2m over the quarter.
• The mean price of residential dwellings fell $1,200 to $681,100 and the number of residential dwellings rose by 40,200 to 9,954,100 in the September quarter 2017.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
December 2017	20 March 2018
March 2018	19 June 2018
June 2018	18 September 2018
September 2018	11 December 2018

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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