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Property Indices

Property Indices Map

All Dwellings  727.06
All Dwellings  527.54
All Dwellings  921.68
All Dwellings  779.40
All Dwellings  452.85
All Dwellings  596.34

ASX Property Index Index Value for 08/02/2016 Gross Rental Yield for 08/02/2016
5 Capital City Aggregate 727.06 3.4947%
Adelaide All Dwellings 452.85 4.1995%
Brisbane All Dwellings 527.54 4.3916%
Melbourne All Dwellings 779.40 3.0230%
Sydney All Dwellings 921.68 3.3759%
Perth All Dwellings 596.34 3.8717%

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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