6416.0 - House Price Indexes: Eight Capital Cities, Jun 2006  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 24/08/2006   
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JUNE QTR KEY FIGURES

Mar Qtr 06 to Jun Qtr 06
Jun Qtr 05 to Jun Qtr 06
Established house prices
% change
% change

Weighted average of eight capital cities
3.1
6.4
Sydney
1.4
-0.5
Melbourne
2.0
5.5
Brisbane
2.1
4.5
Adelaide
2.3
7.3
Perth
11.9
35.4
Hobart
2.0
7.4
Darwin
3.6
18.7
Canberra
2.6
6.7

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 2006


Graph: Established house prices, Quarterly % change—June quarter 2006


JUNE QTR KEY POINTS


ESTABLISHED HOUSE PRICES

Quarterly Changes

  • Preliminary estimates show the price index for established houses in Australia increased 3.1% in the June quarter 2006, compared with the movement of 1.1% in the March quarter 2006.
  • House prices rose in all cities: Perth (+11.9%), Darwin (+3.6%), Canberra (+2.6%), Adelaide (+2.3%), Brisbane (+2.1%), Melbourne (+2.0%), Hobart (+2.0%) and Sydney (+1.4%).
  • The movement in the established house price index between December quarter 2005 and March quarter 2006 has been revised from an estimated preliminary increase of 1.0% to an increase of 1.1%.


Annual Changes (June quarter 2005 to June quarter 2006)
  • Over the twelve months to June quarter 2006, preliminary estimates show that established house prices rose 6.4%.
  • Annually, house prices rose in Perth (+35.4%), Darwin (+18.7%), Hobart (+7.4%), Adelaide (+7.3%), Canberra (+6.7%), Melbourne (+5.5%) and Brisbane (+4.5%). House prices fell in Sydney by 0.5%.
  • The movement in the established house price index between March quarters 2005 and 2006 has been revised from an estimated preliminary rise of 3.6% to a rise of 3.8%.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2006 15 November 2006
December 2006 15 February 2007



CHANGES IN THIS ISSUE

There are no changes in this issue.


INQUIRIES

For further information about these and related statistics, contact Mark King on Canberra (02) 6252 5342 or the National Information and Referral Service on 1300 135 070.