Price indexes and inflation
Consumer Price Index, Australia
The Consumer Price Index (CPI) rose 1.8% this quarter.
Over the twelve months to the September 2022 quarter, the CPI rose 7.3%.
The most significant price rises were New dwelling purchases by owner-occupiers (+3.7%), Gas and other household fuels (+10.9%) and Furniture (+6.6%).
Total Value of Dwellings
- The total value of residential dwellings in Australia fell $162.4 billion to $9,983.4 billion this quarter.
- The number of residential dwellings rose by 45,200 to 10,833,700 this quarter.
- The mean price of residential dwellings fell $18,900 to $921,500 this quarter.
Residential Property Price Indexes: Eight Capital Cities
The weighted average of the eight capital cities Residential Property Price Index:
- rose 4.7% this quarter.
- rose 23.7% over the last twelve months.
The total value of residential dwellings in Australia rose $512.6b to $9,901.6b this quarter, and the mean price of residential dwellings rose $44,000 to $920,100.