6416.0 - Residential Property Price Indexes: Eight Capital Cities, Jun 2019 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 17/09/2019
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JUNE KEY STATISTICS
JUNE KEY POINTS
THE RESIDENTIAL PROPERTY PRICE INDEXES
Weighted average of the eight capital cities Residential Property Price Index
Capital city Residential Property Price Indexes
TOTAL VALUE OF THE DWELLING STOCK
Revisions apply to estimates for the second and third most recent quarters of the total value of dwelling stock (see paragraph 41 of the Explanatory Notes) and to median prices and transfers (see paragraph 48 of the Explanatory Notes).
USE OF PRICE INDEXES IN CONTRACTS
Price indexes published by the Australian Bureau of Statistics (ABS) provide summary measures of the movements in various categories of prices over time. They are published primarily for use in Government economic analysis. Price indexes are also often used in contracts by businesses and government to adjust payments and/or charges to take account of changes in categories of prices (Indexation Clauses).
Use of Price Indexes in Contracts sets out a range of issues that should be taken into account by parties considering including an Indexation Clause in a contract using an ABS published price index.
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