Australia - House Price Index

Australia: House Price Index

Mnemonic HPI.IAUS
Unit Index FY 2012=100, SA
Adjustments Seasonally Adjusted
Quarterly 4.49 %
Data 2021 Q4 195.45
2021 Q3 187.05

Series Information

Source Australian Bureau of Statistics (ABS)
Release Total Value of Dwellings f.k.a. Residential Property Price Indexes (RPPI)
Frequency Quarterly
Start Date 3/31/1986
End Date 12/31/2021

Australia: Real Estate

Reference Last Previous Units Frequency
Residential Building Permits Jan 2023 12,065 16,673 #, SA Monthly
Building Completions 2022 Q4 30,578,567 31,070,888 Ths. Ch. AUD, SA Quarterly
Non-residential Building Completions 2022 Q4 12,140,338 12,797,905 Ths. Ch. AUD, SA Quarterly
Residential Building Completions 2022 Q4 15,906,489 15,603,905 Ths. Ch. AUD, SA Quarterly
Housing Starts 2022 Q3 28,895 30,374 #, SA Quarterly
Residential Housing Starts 2022 Q3 16,139 17,102 #, SA Quarterly
House Price Index 2021 Q4 195.45 187.05 Index FY 2012=100, SA Quarterly
House Price Value 2021 Q2 619,804 590,891 AUD, NSA Quarterly

Release Information

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

  • Residential Property Price Index (RPPI)
  • Established 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; semi-detached, row and terrace houses.


  • Measurement: Thousands of Australian dollars (Ths. AUD)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start date: As early as 2002Q1
  • Geo coverage:
    • Country (IAUS)
    • States (all 8 IAUS_^^)
    • Australian capital territory (IAUS_MACT)
    • "Greater capital city" areas (all 7 IAUS_MG^^)
    • "Rest of state" areas (all 7 IAUS_GR^^)

Price index


  • Measurement: Fixed-base index relative to FY 2012 (Index FY 2012=100)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Date ranges:
    • 1986Q1 to 2021Q4 - HPI
    • 2003Q3 to 2021Q4 - RPPI and ADPI
  • Geo coverage: 
    • Aggregate of all 8 capital cities/national proxy (IAUS_CAP)
    • Australian capital territory (IAUS_MACT)
    • "Greater capital city" areas (all 7 IAUS_MG^^)


  • HPI, FY 2004=100 - 1986Q1 to 2013 ("04")
  • HPI, FY 1990=100 - 1986Q1 to 2005 ("90")

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.

Until 2013Q3, ABS produced a "Project House Price Index" (not "projected"). In Australia, a "project home" is a standard design which is replicated in quantity by a large-scale residential builder, as opposed to a custom design by a small-scale local builder.

Indexes are weighted averages.

Index numbers use base periods which are financial years (July to June): in ABS symbology, "2003-04" and "2011-12".

Moody's Analytics supplements

Back-extended: HPI, by 16 years, for all nine geos.

Constructed seasonally adjusted counterpart using the U.S. Census Bureau's X-13ARIMA-SEATS program: RPPI, HPI, ADPI; for all nine geos

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.

  • 6 Mar 2023, Phillip Thorne - Price for "rest of state" areas: Properties.