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6416.0 - House Price Indexes: Eight Capital Cities, Jun 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/08/2008   
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JUNE KEY FIGURES

Mar Qtr 08 to Jun Qtr 08
Jun Qtr 07 to Jun Qtr 08
Established house prices
% change
% change

Weighted average of eight capital cities
–0.3
8.2
Sydney
0.3
4.4
Melbourne
–0.3
14.1
Brisbane
0.6
14.0
Adelaide
0.4
16.2
Perth
–2.4
–0.9
Hobart
–2.0
3.0
Darwin
1.9
7.0
Canberra
–1.4
7.2


Established House Prices, Weighted average of eight capital citiesQuarterly % change
Graph: ESTABLISHED HOUSE PRICES, Weighted average of eight capital cities—Quarterly % change

Established House Prices, Quarterly % changeJune quarter 2008
Graph: ESTABLISHED HOUSE PRICES, Quarterly % change—June quarter 2008—March Qtr 2008




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 decreased –0.3% in the June quarter 2008.
  • The capital city indexes rose in Darwin (+1.9%), Brisbane (+0.6%), Adelaide (+0.4%) and Sydney (+0.3%), and fell in Perth (–2.4%), Hobart (–2.0%), Canberra (–1.4%) and Melbourne (–0.3%).
  • The movement in the preliminary established house price index between December quarter 2007 and March quarter 2008 has been revised from an estimated increase of 1.1% to an increase of 0.4%.


ANNUAL CHANGES (JUNE QUARTER 2007 TO JUNE QUARTER 2008)
  • Over the year to June quarter 2008, preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities rose 8.2%.
  • Annually, house prices rose in Adelaide (+16.2%), Melbourne (+14.1%), Brisbane (+14.0%), Canberra (+7.2%), Darwin (+7.0%), Sydney (+4.4%) and Hobart (+3.0%) and fell in Perth (–0.9%).
  • The movement in the preliminary established house price index between March quarters 2007 and 2008 has been revised from an estimated increase of 13.8% to an increase of 13.2%.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2008 3 November 2008
December 2008 2 February 2009
March 2009 4 May 2009
June 2009 4 August 2009



CHANGES IN THIS ISSUE

There are no changes in this issue.


REVISIONS

Estimates for the two most recent quarters of the Established House Price Index Series are preliminary and subject to revision (see paragraphs 12 and 13 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 Lee Taylor on Canberra (02) 6252 6251.


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