6416.0 - Residential Property Price Indexes: Eight Capital Cities, Dec 2014 
Quality Declaration
Quality Declaration ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 10/02/2015
Page tools:
 Print Page
 Print All
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes The discussion of individual cities is ordered in terms of their significance to the change in the RPPI for the latest quarter. Weighted average of the eight capital cities (+1.9% RPPI) The preliminary RPPI for the weighted average of the eight capital cities rose 1.9% in the December quarter 2014. This follows a rise of 1.4% for the September quarter 2014 (revised from +1.5%) and a rise of 1.9% for the June quarter 2014 (unrevised). The RPPI rose 6.8% through the year to the December quarter 2014. In the December quarter 2014 the HPI rose 1.9% and the ADPI rose 2.0%. Through the year to the December quarter 2014, the HPI rose 7.0% and the ADPI rose 6.1%. The quarterly HPI result follows rises in the September quarter 2014 of 1.5% (revised from +1.6%) and a rise of 2.1% for the June quarter 2014 (revised from +1.8%). The ADPI result follows rises of 0.6% (revised from +1.2%) in the September 2014 and 1.6% (revised from +2.0%) in the June 2014 quarters. Sydney (+3.4% RPPI) The RPPI for Sydney rose 3.4% in the December quarter 2014. This follows rises in the September 2014 (+2.5%) and June 2014 (+3.5%) quarters. The index rose 12.2% through the year to the December quarter 2014. Over the December quarter 2014 the HPI rose 3.4% and the ADPI rose 3.3%. For established houses, the rise in Sydney was broad based, with almost all segments of the market showing price rises. Strata with prices between $500,000 and $1.4m contributed most to the rise. Through the year to the December quarter 2014, the HPI rose 12.8%. For attached dwellings, the rise in Sydney was due to rises in strata with prices between $400,000 and $900,000. Through the year to the December quarter 2014, the ADPI rose 10.9%. Melbourne (+1.3% RPPI) The RPPI for Melbourne rose 1.3% in the December quarter 2014. This follows rises in the September 2014 (+0.9%) and June 2014 (+1.3%) quarters. The index rose 4.5% through the year to the December quarter 2014. Over the December quarter 2014 the HPI rose 1.5% and the ADPI rose 0.8%. For established houses, the rise in Melbourne was broad based, with almost all segments of the market showing price rises. Strata with prices between $400,000 and $900,000 contributed most to the rise. Through the year to the December quarter 2014, the HPI rose 5.4%. For attached dwellings, results showed strength mainly in the $350,000 to $500,000 range. Through the year to the December quarter 2014, the ADPI rose 1.8%. Brisbane (+1.4% RPPI) The RPPI for Brisbane rose 1.4% in the December quarter 2014. This follows rises in the September 2014 (+0.6%) and June 2014 (+1.8%) quarters. The index rose 5.3% through the year to the December quarter 2014. Over the December quarter 2014 the HPI rose 1.5% and the ADPI rose 1.4%. Through the year to the December quarter 2014, the HPI rose 5.4% and the ADPI rose 5.5%. Adelaide (+0.8% RPPI) The RPPI for Adelaide rose 0.8% in the December quarter 2014. This follows rises in the September 2014 (+0.5%) and June 2014 (+0.2%) quarters. The index rose 2.5% through the year to the December quarter 2014. Over the December quarter 2014 the HPI and ADPI rose 0.9%. Through the year to the December quarter 2014, the HPI rose 2.9% and the ADPI rose 1.2%. Perth (+0.3% RPPI) The RPPI for Perth rose 0.3% in the December quarter 2014. This follows a rise in the September quarter 2014 (+0.1%) and a flat result in June quarter 2014 (0.0%). The index rose 1.2% through the year to the December quarter 2014. Over the December quarter 2014 the HPI rose 0.4% and the ADPI fell 0.1%. Through the year to the December quarter 2014, the HPI rose 1.5% and the ADPI fell 0.1%. Hobart (+1.0% RPPI) The RPPI for Hobart rose 1.0% in the December quarter 2014. This follows rises in the September 2014 (+0.5%) and June 2014 (+0.4%) quarters. The index rose 2.2% through the year to the December quarter 2014. Over the December quarter 2014 the HPI rose 1.1% and the ADPI fell 0.2%. Through the year to the December quarter 2014, the HPI rose 2.8% and the ADPI fell 1.1%. Canberra (+0.2% RPPI) The RPPI for Canberra rose 0.2% in the December quarter 2014. This follows a flat result in the September quarter 2014 (0.0%) and a rise in the June quarter 2014 (+1.0%). The index rose 1.7% through the year to the December quarter 2014. Over the December quarter 2014 the HPI rose 0.3% and the ADPI fell 0.4%. Through the year to the December quarter 2014, the HPI rose 2.6% and the ADPI fell 1.0%. Darwin (-0.6% RPPI) The RPPI for Darwin fell 0.6% in the December quarter 2014. Darwin was the only city to show a fall in prices this quarter. This follows a fall in the September quarter 2014 (-0.3%) and a rise in the June quarter 2014 (+0.6%). The index rose 0.8% through the year to the December quarter 2014. Over the December quarter 2014 the HPI fell 0.9% and the ADPI fell 0.2%. Through the year to the December quarter 2014, the HPI rose 0.1% and the ADPI rose 2.3%. TOTAL VALUE OF THE DWELLING STOCK Quarterly Analysis The preliminary estimate of the total value of residential dwellings in Australia in the December quarter 2014 was $5,400.0b (up from $5,275.5b in the September quarter 2014). Of this, $5,119.8b was owned by households. Over the same period, the number of residential dwellings rose by 38,000 to 9,448,300. The mean price of residential dwellings rose $10,900 to $571,500. The mean price of residential dwellings in NSW ($702,500) remains the highest in the country followed by WA ($596,900). The mean price in ACT ($570,600) was the third highest mean price. The lowest mean price was in Tasmania ($312,300). Document Selection These documents will be presented in a new window.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
