The price index for residential properties for the weighted average of the eight capital cities fell 0.2% in the March quarter 2016. The index rose 6.8% through the year to the March quarter 2016.
The capital city residential property price indexes fell in Sydney (-0.7%), Perth (-1.7%), Darwin (-2.0%) and Canberra (-0.4%) and rose in Melbourne (+0.8%), Brisbane (+0.3%), Adelaide (+0.5%) and Hobart (+1.1%).
Annually, residential property prices rose in Melbourne (+9.8%), Sydney (+9.7%), Canberra (+4.6%), Hobart (+4.2%), Brisbane (+4.1%) and Adelaide (+3.1%) and fell in Darwin (-4.9%) and Perth (-4.5%).
TOTAL VALUE OF THE DWELLING STOCK
The total value of residential dwellings in Australia was $5,930,992.0m at the end of the March quarter 2016, rising $15,392.2m over the quarter.
The mean price of residential dwellings fell $900 to $613,900 and the number of residential dwellings rose by 39,000 to 9,661,500 in the March quarter 2016.
20 September 2016
13 December 2016
21 March 2017
20 June 2017
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 counts and transfers (see paragraph 44 of the Explanatory Notes).
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