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Property Indices

Property Indices Map

Australia
All Dwellings  665.41
Brisbane
All Dwellings  503.88
Sydney
All Dwellings  821.01
Melbourne
All Dwellings  679.20
Adelaide
All Dwellings  451.56
Perth
All Dwellings  627.65

ASX Property Index Index Value for 22/12/2014 Gross Rental Yield for 22/12/2014
5 Capital City Aggregate 665.41 3.7955%
Adelaide All Dwellings 451.56 4.2085%
Brisbane All Dwellings 503.88 4.5812%
Melbourne All Dwellings 679.20 3.3815%
Perth All Dwellings 627.65 4.0191%
Sydney All Dwellings 821.01 3.7061%

RPData.comRP Data and Rismark International ("Rismark") have developed a suite of Australian home value indices which provide daily capital value change measurement. The index results are released daily for Sydney, Melbourne, Brisbane (including Gold Coast), Adelaide, Perth and Australia (which is a composite of these cities).

The indices are calculated using a hedonic methodology. The hedonic approach to price index construction accounts for the components contributing to a product's price. In the case of a residential property these components include the number of bedrooms and bathrooms, location, size, and other attributes. By separating each property comprising the index into its various formational and locational attributes, differing observed sales values for each property can be separated into those associated with varying attributes and those resulting from changes in the underlying residential property market.. Also, by understanding the value associated with each attribute of a given property, this methodology can be used to impute the value of dwellings having a certain set of characteristics (but no current sales price) by observing the sales prices and characteristics of other dwellings that do have recent sales prices. It then follows that changes in the market value of the stock of residential property comprising an index can be accurately tracked through time.

Understanding how compositional factors impact a property's price allows for a much more accurate analysis of the true value movements across specific property markets. When measuring changes in market value, the hedonic method also addresses bias which may otherwise result from changes in the compositional of homes transacting from one period to another as home owner buying patterns change.

The indices have been specifically designed to track daily value changes in the Australian residential property market and are constructed using the latest possible property sales information thereby avoiding the 6 to 8 week reporting lags present in other property indices. These property indices therefore offer significant portfolio tracking and information timeliness advantages over other property index construction methods.

Click here for more information on the methodology of the RP Data-Rismark Home Value Index.

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