Affordability by State and Territory

Hia

Hia

Dwelling Prices

The changes in dwelling prices applied in this publication are changes in the Hedonic Price Index for each capital city market and the regions as published monthly by CoreLogic.

The Hedonic Price Index produced by CoreLogic seeks to control for differences in the mix from one period to the next and provides a better indication of price changes. For the December Quarter 2022, the price growth rates as captured by the Hedonic Price Index are summarised for each of the markets in the table opposite.

CoreLogic’s dwelling price data are subject to ongoing revision and this may result in small changes to previous results of the HIA Affordability Index

Note: Calculation of the HIA Housing Affordability Index relies on data published within the Australian Bureau of Statistics’ quarterly Average Weekly Earnings (AWE) publication. Since mid-2012, the quarterly publication of this report has been discontinued and it is now only published on a semi-annual basis. As a result, the AWE figures for the March and September quarters each year are estimated as the averages of the adjacent quarters. In cases where data for the most recent quarters are not yet available, the earnings data are estimated based on latest annual growth rates applied to most recent data