The latest ABS data on capital city property prices was released today. The total value of residential dwellings in Australia was $5,859,824.6m at the end of September quarter 2015, rising $137,125.0m over the quarter. The mean price of residential dwellings rose $11,900 to $612,200 and the number of residential dwellings rose by 38,600 to 9,572,400 in the September quarter 2015.
The price index for residential properties for the weighted average of the eight capital cities rose 2.0% in the September quarter 2015. The index rose 10.7% through the year to the September quarter 2015.
The capital city residential property price indexes rose in Sydney (+3.1%), Melbourne (+2.9%), Brisbane (+1.3%), Adelaide (+1.2%), Canberra (+1.3%) and Hobart (+0.5) and fell in Perth (-2.4%) and Darwin (-0.4%).
Annually, residential property prices rose in Sydney (+19.9%), Melbourne (+9.9%), Canberra (+4.0%), Brisbane (+3.8%), Adelaide (+3.5%) and Hobart (+1.7%) and fell in Perth (-3.3%) and Darwin (-2.0%).
