6416.0 - Residential Property Price Indexes: Eight Capital Cities, Jun 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 18/09/2018   
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JUNE KEY FIGURES
Mar Qtr 18 to Jun Qtr 18
Jun Qtr 17 to Jun Qtr 18
RESIDENTIAL PROPERTY PRICES
% change
% change

Weighted average of eight capital cities
-0.7%
-0.6%
Sydney
-1.2%
-3.9%
Melbourne
-0.8%
2.3%
Brisbane
0.7%
1.7%
Adelaide
0.3%
2.1%
Perth
-0.1%
-0.9%
Hobart
3.0%
15.5%
Darwin
-0.9%
-6.1%
Canberra
0.6%
3.0%


Total value of the dwelling stock
Jun Qtr 18

Value of dwelling stock(a) ($m)
6 926 538.0
Mean price of residential dwellings ($'000)
686.2
Number of residential dwellings ('000)
10 093.7

(a) all sectors


Graph Image for Residential Property Prices, Weighted average of eight capital cities, Quarterly percentage change


Graph Image for Residential Property Prices, Quarterly Percentage Change, June Quarter 2018


JUNE KEY POINTS


CHANGES TO RESIDENTIAL PROPERTY PRICE INDEX
  • The price index for residential properties for the weighted average of the eight capital cities fell 0.7% in the June quarter 2018. The index fell 0.6% through the year to the June quarter 2018.
  • The capital city residential property price indexes fell in Sydney (-1.2%), Melbourne (-0.8%), Perth (-0.1%) and Darwin (-0.9%), and rose in Brisbane (+0.7%), Hobart (+3.0%), Adelaide (+0.3%) and Canberra (+0.6%).
  • Annually, residential property prices fell in Darwin (-6.1%), Sydney (-3.9%) and Perth (-0.9%), and rose in Hobart (+15.5%), Canberra (+3.0%), Melbourne (+2.3%), Adelaide (+2.1%) and Brisbane (+1.7%).

TOTAL VALUE OF THE DWELLING STOCK
  • The total value of residential dwellings in Australia was $6,926,538.0m at the end of the June quarter 2018, falling $13,321.1m over the quarter.
  • The mean price of residential dwellings fell $4,100 to $686,200 and the number of residential dwellings rose by 40,800 to 10,093,700 in the June quarter 2018.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 201811 December 2018
December 201819 March 2019
March 201918 June 2019
June 201917 September 2019


REVISIONS

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 prices and transfers (see paragraph 44 of the Explanatory Notes).


INQUIRIES

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