Territory Stories

Property price index : Economic brief

Details:

Title

Property price index : Economic brief

Creator

Northern Territory. Department of Treasury and Finance. Economic Group

Collection

Economic brief; Property price index; E-Journals; PublicationNT; Property price index

Date

2020-06

Location

Darwin; Darwin

Notes

This publication contains many links to external sites. These external sites may no longer be active.; Made available via the Publications (Legal Deposit) Act 2004 (NT).; Released: 15 September 2020 | Next release: 8 December 2020

Language

English

Subject

Department of Treasury and Finance; Civil Service; Economic conditions; Periodicals

Publisher name

Northern Territory Government

Place of publication

Darwin

Series

Property price index

Volume

Brief, June quarter 2020

File type

application/pdf

Use

Attribution International 4.0 (CC BY 4.0)

Copyright owner

Northern Territory Government

License

https://creativecommons.org/licenses/by/4.0/

Parent handle

https://hdl.handle.net/10070/822415

Citation address

https://hdl.handle.net/10070/822416

Page content

Property price index June quarter 2020 DEPARTMENT OF TREASURY AND FINANCE 15 September 2020 Page 2 of 2 Caution is advised when using quarterly data for the Territory, which is often derived from small samples and highly volatile. Although all due care has been exercised in the preparation of this material, no responsibility is accepted for any errors or omission. More information: Economic Group | Department of Treasury and Finance P: 08 8999 6801 | E: economics.dtf@nt.gov.au | W: https://nteconomy.nt.gov.au/ Table 1: Property price index (2011-12 = 100) Change Quarter Year average Quarterly1 Annual2 Year-on-year3 Darwin 87 88 -1.4% -2.7% -4.2% Sydney 166 165 -2.2% 8.1% 4.1% Melbourne 150 149 -2.3% 8.8% 4.8% Brisbane 124 124 -0.9% 2.3% 0.6% Perth 100 99 -0.7% -0.2% -2.1% Adelaide 121 121 -0.8% 0.7% 0.2% Hobart 156 153 -0.4% 6.1% 4.8% Canberra 129 127 0.8% 3.6% 1.8% 8 Capitals 143 143 -1.8% 6.2% 3.0% 1 Compares the latest quarter w ith the previous quarter. 2 Compares the latest quarter w ith the same quarter last year. 3 Compares the 4 quarters up to and including the latest quarter w ith the previous 4 quarter period. Source: Department of Treasury and Finance; ABS Cat. No. 6416.0 Table 2: Established house price index and attached dwelling price index Change Quarter Year average Quarterly1 Annual2 Year-on-year3 Established house price index Darwin 91 92 -1.4% -2.0% -3.2% 8 Capitals 147 147 -2.1% 6.6% 3.3% Attached dwelling price index Darwin 78 79 -1.4% -4.1% -6.3% 8 Capitals 132 132 -1.2% 5.4% 2.4% 1 Compares the latest quarter w ith the previous quarter. 2 Compares the latest quarter w ith the same quarter last year. 3 Compares the 4 quarters up to and including the latest quarter w ith the previous 4 quarter period. Source: Department of Treasury and Finance; ABS Cat. No. 6416.0 Table 3: Darwin property prices and sales Change Jun-19 Mar-20 Jun-20 Quarterly1 Annual2 Established dwellings Median price $470 000 $465 000 $465 000 0.0% -1.1% No. transfers 222 257 163 -36.6% -26.6% Attached dwellings Median price $308 000 $300 000 $257 500 -14.2% -16.4% No. transfers 169 144 98 -31.9% -42.0% 1 Compares the latest quarter w ith the previous quarter. 2 Compares the latest quarter w ith the same quarter last year. Source: Department of Treasury and Finance; ABS Cat. No. 6416.0 June 2020 June 2020 mailto:economics.dtf@nt.gov.au