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6416.0 - House Price Indexes: Eight Capital Cities, Jun 2010  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/08/2010   
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JUNE KEY FIGURES

Mar Qtr 10 to Jun Qtr 10
Jun Qtr 09 to Jun Qtr 10
Established house prices
% change
% change

Weighted average of eight capital cities
3.1
18.4
Sydney
4.9
21.4
Melbourne
3.6
24.3
Brisbane
0.3
8.5
Adelaide
3.2
11.6
Perth
0.4
13.0
Hobart
0.1
10.8
Darwin
2.8
14.6
Canberra
2.1
19.6


Established house prices, Weighted average of eight capital cities - Quarterly % change
Graph: Established house prices, Weighted average of eight capital cities—Quarterly % change

Established house prices, Quarterly % change - June quarter 2010
Graph: Established house prices, Quarterly % change—June quarter 2010




JUNE KEY POINTS


ESTABLISHED HOUSE PRICES

Quarterly Changes
  • Preliminary estimates show the price index for established houses for the weighted average of the eight capital cities increased 3.1% in the June quarter 2010.
  • The main contributors to the weighted average of the eight capital cities were Sydney (+4.9%) and Melbourne (+3.6%). There were also positive contributions from Adelaide (+3.2%), Darwin (+2.8%), Canberra (+2.1%), Perth (+0.4%), Brisbane (+0.3%) and Hobart (+0.1%).


ANNUAL CHANGES (JUNE QUARTER 2009 TO JUNE QUARTER 2010)
  • Preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities increased 18.4% in the year to June quarter 2010.
  • Annually, house prices rose in Melbourne (+24.3%), Sydney (+21.4%), Canberra (+19.6%), Darwin (+14.6%), Perth (+13.0%), Adelaide (+11.6%), Hobart (+10.8%) and Brisbane (+8.5%).


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2010 1 November 2010
December 2010 1 February 2011
March 2011 2 May 2011
June 2011 2 August 2011



CHANGES IN THIS ISSUE

This is the first release to include additional index analysis as well as a brief summary of the methodology used in the compilation of the House Price Indexes. Please refer to 'Analysis' and 'ABS House Price Index Methodology'.


REVISIONS

Estimates for the two most recent quarters of the HPI series are preliminary and subject to revision (see paragraphs 13 to 17 of the Explanatory notes).


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Toni Graham on Sydney (02) 9268 4163.


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