Australia - House Price Index





Australia: House Price Index

Mnemonic HPI.IAUS
Unit 2011-2012=100 Index, SA
Adjustments Seasonally Adjusted
Quarterly 2.93 %
Data 2020 Q1 150.76
2019 Q4 146.47

Series Information

Source Australian Bureau of Statistics (ABS)
Release House Price Index
Frequency Quarterly
Start Date 3/31/2002
End Date 3/31/2020

Australia: Real Estate

Reference Last Previous Units Frequency
Residential Building Permits May 2020 12,736 15,239 #, SA Monthly
Building Completions 2020 Q1 28,924,247 29,214,093 Ths. Ch. AUD, SA Quarterly
House Price Index 2020 Q1 150.76 146.47 2011-2012=100 Index, SA Quarterly
House Price Value 2020 Q1 551,505 540,217 AUD, NSA Quarterly
Housing Starts 2020 Q1 25,229 24,919 #, SA Quarterly
Non-residential Building Completions 2020 Q1 11,677,330 11,679,581 Ths. Ch. AUD, SA Quarterly
Residential Building Completions 2020 Q1 14,945,022 15,269,931 Ths. Ch. AUD, SA Quarterly
Residential Housing Starts 2020 Q1 18,744 17,416 #, SA Quarterly

Release Information

In Australia, House Price Indices statistics are compiled by the Australian Bureau of Statistics.

This dataset provides estimates of changes in house prices for each of the eight capital cities of Australia. The suite of Residential Property Price Indexes:

  • Residential Property Price Index (RPPI)
  • Estbalished House Price Index (HPI)
  • Attached Dwelling Price Index (ADPI)

The RPPI is calculated on the reference base 2011-12 = 100.0 for each of the eight capital cities as well as a weighted average of them. The capital city indexes measure price movements over time within the eight Greater Capital City Statistical Areas (GCCSAs).

The HPI measures the price change in all established detached houses on their own block of land

The ADPI measures the price change of attached dwellings within the eight GCCSAs. Dwellings in scope of the index are:

  • flats, units and apartments; and
  • semi-detached, row and terrace houses.

The data is updated monthly.

The ABS employs a stratification approach to compile the RPPIs. The stratification approach separates the total sample of residential properties into a number of sub-samples or strata. Dwelling transactions are stratified by dwelling type, long term median price and Socio-economic Index for Areas score. Each quarter, the strata are re-valued by applying a price relative (i.e. the current period median price of the stratum compared to the previous period median price of the same stratum) to the value of the dwelling stock for that stratum to produce a current period stratum value. The current period values of each stratum are then summed to derive the current value of the total dwelling stock in the capital city. Index numbers are subsequently derived from the total values.

Estimates for the two most recent quarters of the established house price index series are preliminary and are subject to revision

The price indexes, and therefore the percentage changes, for the two most recent quarters are subject to revision as more complete data sets are obtained.

For further explanatory notes, please go to:

http://www.abs.gov.au/AUSSTATS/abs@.nsf/Lookup/6416.0Explanatory%20Notes1Dec%202013?OpenDocument for current data

 

http://www.abs.gov.au/AUSSTATS/abs@.nsf/Lookup/6416.0Explanatory%20Notes1Dec%202008?OpenDocument for historical HPI

 

 

The suite of Residential Property Price Indexes (from now on referred to collectively as 'the indexes') is:A Residential Property Price Index (RPPI);An Established House Price Index (HPI); andAn Attached Dwellings Price Index (ADPI).

The HPI measures the price change in all established detached houses on their own block of land and is compiled for the eight GCCSAs. Index numbers and percentage changes for the HPI are presented in Table 2