6416.0 - House Price Indexes: Eight Capital Cities, Sep 2007  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 07/11/2007   
   Page tools: Print Print Page Print all pages in this productPrint All

SEPTEMBER KEY FIGURES

Jun Qtr 07 to Sep Qtr 07
Sep Qtr 06 to Sep Qtr 07
Established house prices
% change
% change

Weighted average of eight capital cities
3.5
10.6
Sydney
1.5
5.2
Melbourne
6.7
17.8
Brisbane
4.0
18.1
Adelaide
5.1
16.2
Perth
1.1
2.8
Hobart
3.9
11.6
Darwin
5.1
13.1
Canberra
3.9
11.2

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 - September quarter 2007
Graph: Established house prices, Quarterly % change—September quarter 2007—March Quarter 2007



SEPTEMBER KEY POINTS


ESTABLISHED HOUSE PRICES

Quarterly Changes

  • Preliminary estimates show the price index for established houses in the capital cities of Australia increased 3.5% in the September quarter 2007 compared with a rise of 3.7% in the June quarter 2007.
  • House prices rose this quarter in Melbourne (+6.7%), Adelaide (+5.1%), Darwin (+5.1%), Brisbane (+4.0%), Hobart (+3.9%), Canberra (+3.9%), Sydney (+1.5%) and Perth (+1.1%).
  • The movement in the established house price index between March and June quarters 2007 has been revised from the first estimate, an increase of 3.2%, to an increase of 3.7%.


ANNUAL CHANGES (SEPTEMBER QUARTER 2006 TO SEPTEMBER QUARTER 2007)
  • Over the twelve months to September quarter 2007, preliminary estimates show that established house prices rose 10.6%.
  • Annually, house prices rose in Brisbane (+18.1%), Melbourne (+17.8%), Adelaide (+16.2%), Darwin (+13.1%), Hobart (+11.6%), Canberra (+11.2%), Sydney (+5.2%), and Perth (2.8%).
  • The movement in the established house price index between June quarters 2006 and 2007 has been revised from the first estimate, an increase of 9.2%, to an increase of 9.5%.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2007 4 February 2008
March 2008 5 May 2008



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 experimental (see paragraphs 12 and 13 of the Explanatory Notes).


INQUIRIES

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