ABS house prices through the roof!
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From the ABS:
JUNE KEY FIGURES
|
Mar Qtr 15 to Jun Qtr 15 |
Jun Qtr 14 to Jun Qtr 15 | |
| RESIDENTIAL PROPERTY PRICES |
% change |
% change |
|
| ||
| Weighted average of eight capital cities |
4.7 |
9.8 |
| Sydney |
8.9 |
18.9 |
| Melbourne |
4.2 |
7.8 |
| Brisbane |
0.9 |
2.9 |
| Adelaide |
0.5 |
2.7 |
| Perth |
-0.9 |
-1.2 |
| Hobart |
0.0 |
1.5 |
| Darwin |
-0.8 |
-1.8 |
| Canberra |
0.8 |
2.8 |
|
| ||
| Total value of the dwelling stock |
Jun Qtr 15 |
|
| |
| Value of dwelling stock(a) ($m) |
5 761 607.2 |
| Mean price of residential dwellings ($’000) |
604.7 |
| Number of residential dwellings (‘000) |
9 528.3 |
|
| |
| (a) all sectors | |
Everything is awesome!
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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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