Residential Property Prices in Australia

Oficina Australiana de Estadistica · Trimestral

1,111.1 (Q1-26) ABS · Miles AUD · Trimestral · CSV

About this indicator

Source	Australian Bureau of Statistics
Frequency	Trimestral
Release	Aproximadamente uno a tres meses después del cierre del periodo de referencia.
What it is	Measures the change in Australian residential property prices, typically through an index tracking the prices of dwellings transacted. Compiled by the Australian Bureau of Statistics (ABS), it is a central benchmark for the housing market and household wealth.
How it's calculated	It is built as an index relative to a base year from transaction prices across the eight state capital cities, using methods that hold dwelling characteristics constant to isolate the pure price change. It is usually released quarterly as a quarter-on-quarter and year-on-year change.
Market implications	House prices affect construction and its allied industries, household wealth and consumption (the wealth effect) and financial stability via mortgage credit. The Reserve Bank of Australia watches it closely given its role in inflation and household indebtedness.
Limitations	The index is released with a lag, at quarterly frequency, and is revised; average prices can also be skewed by the mix of transactions (the type and location of dwellings sold).