The total value of residential dwellings in Australia was $6,602,132.3m at the end of the March quarter 2017, rising $163,122.9m over the quarter. The mean price of residential dwellings rose $13,900 to $669,700 and the number of residential dwellings rose by 39,800 to 9,858,400 in the March quarter 2017.
Australian House Prices rose by 2.2%
The price index for residential properties for the weighted average of the eight capital cities rose 2.2% in the March quarter 2017. The index rose 10.2% through the year to the March quarter 2017. The capital city residential property price indexes rose in Sydney (+3.0%), Melbourne (+3.1%), Adelaide (+1.5%), Canberra (+2.8%) and Hobart (+3.4%) and fell in Perth (-1.0%) and Darwin (-0.9%). Brisbane was flat (0.0%).
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