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6416.0 - House Price Indexes: Eight Capital Cities, Jun 2004  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/09/2004   
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JUNE QTR KEY FIGURES

Mar Qtr 04 to Jun Qtr 04
Jun Qtr 2003 to Jun Qtr 2004
Established house prices
% change
% change

Weighted average of eight capital cities
-1.2
10.9
Sydney
-5.4
5.3
Melbourne
1.0
5.5
Brisbane
1.5
28.5
Adelaide
2.5
16.9
Perth
2.1
14.6
Hobart
4.2
18.4
Darwin
2.3
16.3
Canberra
-3.3
13.1

Established house prices, Quarterly % change

Graph: Established house prices, Quarterly percentage change, time series

Established house prices, Quarterly % change - June quarter 2004

Graph: Established house prices Quarterly % change June quarter 2004



JUNE QTR KEY POINTS


ESTABLISHED HOUSE PRICES

Quarterly Changes

  • The price index for established houses in Australia fell 1.2% in the June quarter 2004, compared with an increase of 2.5% in March quarter 2004. This was the first fall in the index since September quarter 2000.
  • House prices fell in Sydney (-5.4%) and Canberra (-3.3%), but rose in each of the other capital cities: Hobart (+4.2%), Adelaide (+2.5%), Darwin (+2.3%), Perth (+2.1%), Brisbane (+1.5%) and Melbourne (+1.0%).

Annual Changes
  • Over the twelve months to June quarter 2004, established house prices rose 10.9%. It was the lowest annual increase since June quarter 2001.
  • Annual increases in the capital cities were: Brisbane (+28.5%), Hobart (+18.4%), Adelaide (+16.9%), Darwin (+16.3%), Perth (+14.6%), Canberra (+13.1%), Melbourne (+5.5%) and Sydney (+5.3%).


NOTES

CHANGES IN THIS ISSUE

The index for national accounts private housing investment shown in Tables 5 and 6 has been revised due to the annual reweighting of the chain Laspeyres price index for private capital expenditure on houses. This has resulted in small revisions to some index numbers and percentage movements for December quarter 2003 and March quarter 2004.



INQUIRIES

For further information about these and related statistics, contact Steve Whennan on Canberra (02) 6252 6251 or the National Information and Referral Service on 1300 135 070.


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