Quality Declaration
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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 (+1.7% RPPI) The preliminary RPPI for the weighted average of the eight capital cities rose 1.7% in the March quarter 2014. This follows a rise of 3.8% for the December quarter 2013 (revised from +3.4%) and a rise of 2.5% for the September quarter 2013 (revised from +2.4%). The RPPI rose 10.9% through the year to the March quarter 2014. In the March quarter 2014 the HPI rose 2.0% and the ADPI rose 1.1%. Through the year to the March quarter 2014, the HPI rose 11.4% and the ADPI rose 9.1%. The quarterly HPI result follows rises in the December quarter 2013 of 3.9% (revised from +3.5%) and a rise of 2.7% for the September quarter 2013 (revised from +2.5%). The ADPI result follows rises of 3.1% (revised from +3.0%) and 2.0% (revised from +2.2%) in the December 2013 and September 2013 quarters respectively. The RPPI for Sydney rose 2.3% in the March quarter 2014. This follows rises in the December 2013 (+5.0%) and September 2013 (+3.8%) quarters. The index rose 15.7% through the year to the March quarter 2014. Over the March quarter 2014 the HPI rose 2.4% and the ADPI rose 2.0%. For established houses, the rise in Sydney was largely the result of rises in strata with median prices between $1.0 m and $2.3 m, with most other strata showing smaller positive contributions. Through the year to the March quarter 2014, the HPI rose 16.6%, the largest annual rise since June 2010. For attached dwellings, the rise in Sydney was largely the result of rises in strata with median prices above $600,000 over the quarter. All strata have shown rises in the year to the March quarter 2014, with the overall ADPI rising 13.7% through the year to the March quarter 2014. The RPPI for Melbourne rose 2.1% in the March quarter 2014. This follows rises in the December 2013 (+3.4%) and September 2013 (+3.1%) quarters. The index rose 10.9% through the year to the March quarter 2014. Over the March quarter 2014 the HPI rose 2.8% and the ADPI rose 0.3%. For established houses, the rise in Melbourne was across almost all strata, with rises in strata with median prices over $700,000 being most significant. Through the year to the March quarter 2014, the HPI rose 12.4% and the ADPI rose 6.7%. The RPPI for Perth rose 1.1% in the March quarter 2014. This follows rises in the December 2013 (+3.1%) and September 2013 (+0.1%) quarters. The index rose 7.3% through the year to the March quarter 2014. Over the March quarter 2014 the HPI rose 1.3%, there was no change in the ADPI (+0.0%). Through the year to the March quarter 2014, the HPI rose 7.7% and the ADPI rose 5.0%. The RPPI for Brisbane rose 0.8% in the March quarter 2014. This follows rises in the December 2013 (+2.6%) and September 2013 (+1.3%) quarters. The index rose 6.1% through the year to the March quarter 2014. Over the March quarter 2014 the HPI rose 0.7% and the ADPI rose 0.9%. Through the year to the March quarter 2014, the HPI rose 6.7% and the ADPI rose 3.4%. The RPPI for Adelaide rose 0.7% in the March quarter 2014. This follows rises in the December 2013 (+2.7%) and September 2013 (+0.4%) quarters. The index rose 4.9% through the year to the March quarter 2014. Over the March quarter 2014 the HPI rose 0.9% and the ADPI rose 0.1%. Through the year to the March quarter 2014, the HPI rose 5.5% and the ADPI rose 2.5%. The RPPI for Hobart rose 1.4% in the March quarter 2014. This follows rises in the December 2013 (+2.4%) and September 2013 (+1.0%) quarters. The index rose 4.8% through the year to the March quarter 2014. Over the March quarter 2014 the HPI rose 1.5% and the ADPI rose 0.1%. Through the year to the March quarter 2014, the HPI rose 5.5% and the ADPI rose 1.1%. The RPPI for Darwin rose 1.1% in the March quarter 2014. This follows rises in the December 2013 (+1.4%) and September 2013 (+0.3%) quarters. The index rose 4.1% through the year to the March quarter 2014. Over the March quarter 2014 the HPI rose 1.0% and the ADPI rose 1.2%. Through the year to the March quarter 2014, the HPI rose 5.1% and the ADPI rose 1.8%. The RPPI for Canberra fell 0.1% in the March quarter 2014. This follows rises in the December 2013 (+0.4%) and September 2013 (+0.1%) quarters. The index rose 1.1% through the year to the March quarter 2014. Over the March quarter 2014 the HPI showed no change (+0.0%) and the ADPI fell 0.3%. Through the year to the March quarter 2014, the HPI rose 0.8% and the ADPI rose 2.1%. The preliminary estimate of the total value of residential dwellings in Australia in the March quarter 2014 was $5,100.8 b (up from $4,995.5 b in the December quarter 2013). Of this, $4,833.8 b was owned by households. Over the same period, the number of residential dwellings rose by 37,400 to 9,333,700. The mean price of residential dwellings rose $9,100 to $546,500. The mean price of residential dwellings in NSW ($643,300) remains the highest in the country followed by WA ($597,700). The mean price in Victoria ($557,100) has taken over from the ACT ($553,900) as the third highest mean price. The lowest mean price is in Tasmania ($309,400). Document Selection These documents will be presented in a new window.
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