6416.0 - Residential Property Price Indexes: Eight Capital Cities, Mar 2019 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 18/06/2019
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MARCH KEY FIGURES
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 3.0% in the March quarter 2019. The index fell 7.4% through the year to the March quarter 2019.
§ The capital city residential property price indexes fell in Sydney (-3.9%), Melbourne (-3.8%), Brisbane (-1.5%), Perth (-1.1%), Canberra (-0.9%), Darwin (-1.8%), Adelaide (-0.2%) and Hobart (-0.4%).
§ Annually, residential property prices fell in Sydney (-10.3%), Melbourne (-9.4%), Darwin (-4.2%), Perth (-2.7%) and Brisbane (-1.3%), rose in Hobart (+4.6%) and Adelaide (+0.8%) and was flat (0.0%) in Canberra.
TOTAL VALUE OF THE DWELLING STOCK
§ The total value of residential dwellings in Australia was $6,564,377.3m at the end of the March quarter 2019, falling $172,749.1m over the quarter.
§ The mean price of residential dwellings fell $19,400 to $636,900 and the number of residential dwellings rose by 42,900 to 10,307,600 in the March quarter 2019.
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).
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