6416.0 - Residential Property Price Indexes: Eight Capital Cities, Mar 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 19/06/2018   
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MARCH KEY FIGURES
Dec Qtr 17 to Mar Qtr 18
Mar Qtr 17 to Mar Qtr 18
RESIDENTIAL PROPERTY PRICES
% change
% change

Weighted average of eight capital cities
-0.7
2.0
Sydney
-1.2
-0.5
Melbourne
-0.6
6.2
Brisbane
-0.6
1.6
Adelaide
0.5
2.6
Perth
-0.9
-1.5
Hobart
4.3
14.1
Darwin
-1.1
-6.5
Canberra
0.9
3.8


Total value of the dwelling stock
Mar Qtr 18

Value of dwelling stock(a) ($m)
6 913 636.6
Mean price of residential dwellings ($'000)
687.7
Number of residential dwellings ('000)
10 052.6

(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 2018


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 0.7% in the March quarter 2018. The index rose 2.0% through the year to the March quarter 2018.
  • The capital city residential property price indexes fell in Sydney (-1.2%), Melbourne (-0.6%), Perth (-0.9%), Brisbane (-0.6%) and Darwin (-1.1%) and rose in Hobart (+4.3%), Adelaide (+0.5%) and Canberra (+0.9%).
  • Annually, residential property prices rose in Hobart (+14.1%), Melbourne (+6.2%), Canberra (+3.8%), Adelaide (+2.6%) and Brisbane (+1.6%) and fell in Darwin (-6.5%), Perth (-1.5%) and Sydney (-0.5%).


TOTAL VALUE OF THE DWELLING STOCK
  • The total value of residential dwellings in Australia was $6,913,636.6m at the end of the March quarter 2018, falling $22,498.3m over the quarter.
  • The mean price of residential dwellings fell $5,100 to $687,700 and the number of residential dwellings rose by 40,600 to 10,052,600 in the March quarter 2018.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 201818 September 2018
September 201811 December 2018
December 201819 March 2019
March 201918 June 2019


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 prices and transfers (see paragraph 44 of the Explanatory Notes).


INQUIRIES

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