Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Release Date
6416.0 - House Price Indexes: Eight Capital Cities, Sep 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 01/11/2011   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

ANALYSIS


PRELIMINARY:

September Quarter 2011 (-1.2%)

The preliminary price index for established houses for the weighted average of the eight capital cities decreased 1.2% in the September quarter 2011. The index decreased 2.2% through the year to the September quarter 2011.

The negative movement in the September quarter 2011 was the result of decreases in Melbourne (-1.7%), Brisbane (-2.5%), Perth (-1.3%), Sydney (-0.2%), Adelaide (-0.9%), Canberra (-2.0%), Hobart (-1.0%) and Darwin (-0.4%).

The preliminary estimate for Melbourne (-1.7%) followed a decrease in the September quarter 2010, an increase in the December quarter 2010 and then decreases in March and June quarters 2011. Through the year to the September quarter 2011, the index fell 2.1%, following a similar decrease in the June quarter 2011 (-2.2%) which was the first through the year fall since March quarter 2009 (-5.1%). Clusters with median prices below $700 000 contributed the most to the capital city quarterly decrease in the September quarter 2011.

The preliminary estimate for Brisbane (-2.5%) follows falls in all quarters since September quarter 2010. Through the year to the September quarter 2011, the index decreased by 5.2%, the largest decrease of all the capital cities. Median prices decreased in almost all clusters in the September quarter 2011.

The preliminary estimate for Sydney (-0.2%) was the smallest decrease of all the capital cities in the September quarter 2011 and followed an increase in June quarter 2011 (0.3%) and decreases in the preceding three quarters (all -0.3%). The index fell 0.3% through the year to September quarter 2011.


REVISED:

June Quarter 2011 (-0.5%)

The preliminary price index for established houses for the weighted average of the eight capital cities decreased 0.5% in the June quarter 2011. This was revised from a preliminary estimated decrease of 0.1%. The through the year movement has been revised from an estimated decrease of 1.9% to an estimated decrease of 2.2%.

The negative movement in the June quarter 2011 was the result of decreases in Perth (-1.9%, revised from -1.0%), Melbourne (-0.5%, revised from -0.1%), Brisbane (-0.9%, revised from -0.3%), Adelaide (-1.3%, revised from -0.8%), Hobart (-1.9%, revised from -0.1%), Darwin (-3.0%, revised from -1.6%), Canberra (-0.7%, revised from 1.1%). The preliminary result for Sydney (0.3%, revised from 0.4%) was the only positive movement in the June quarter 2011.

The preliminary estimate for Perth was revised from a decrease of 1.0% to a decrease of 1.9%. Through the year to the June quarter 2011, the index decreased 5.5%, revised from a decrease of 4.1%. Median prices fell in almost all clusters in the June quarter 2011.


FINAL:

March Quarter 2011 (-1.0%)

The movement in the established house price index for the weighted average of the eight capital cities for the March quarter 2011 was revised from a second preliminary estimated decrease of 1.1% to a final estimated decrease of 1.0%. The movement in the index through the year to the March quarter 2011 was revised from an estimate of no change (0.0%) to an increase of 0.1%.

The movement in the March quarter 2011 was the result of decreases in Melbourne (-1.4%, revised from -1.6%), Brisbane (-1.8%, unchanged), Perth (-1.0%, revised from -0.5%), Adelaide (-1.7%, revised from -1.6%), Sydney (-0.3%, revised from -0.6%), Darwin (-1.6%, unchanged), Hobart (-0.7%, unchanged), Canberra (-0.1%, revised from +0.1%).

The revision to the second estimate for Sydney (from -0.6% to -0.3%) was the main contributor to the revision to the weighted average of the eight capital cities second estimate, but this was partially offset by the revision to Perth (from -0.5% to -1.0%).


Bookmark and Share. Opens in a new window

Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.