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6416.0 - House Price Indexes: Eight Capital Cities, Mar 2010  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/05/2010   
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MARCH KEY FIGURES

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

Weighted average of eight capital cities
4.8
20.0
Sydney
5.3
21.0
Melbourne
6.7
27.7
Brisbane
2.0
12.1
Adelaide
2.7
10.8
Perth
3.5
15.0
Hobart
4.2
14.1
Darwin
3.6
17.5
Canberra
5.4
20.6


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




MARCH 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 4.8% in the March quarter 2010.
  • The main contributors to the weighted average of the eight capital cities were Melbourne (+6.7%) and Sydney (+5.3%). The strongest growth in these two cities came from established houses with relatively high prices. There were also positive contributions from Perth (+3.5%), Brisbane (+2.0%), Adelaide (+2.7%), Canberra (+5.4%), Hobart (+4.2%) and Darwin (+3.6%).
  • The movement in the preliminary established house price index for the weighted average of the eight capital cities between September quarter 2009 and December quarter 2009 has been revised from an estimated increase of 5.2% to an estimated increase of 5.1%.


ANNUAL CHANGES (MARCH QUARTER 2009 TO MARCH QUARTER 2010)
  • Preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities increased 20.0% in the year to March quarter 2010. This preliminary result is the largest annual increase since the series commenced in March quarter 2002.
  • Annually, house prices rose in Melbourne (+27.7%), Sydney (+21.0%), Canberra (+20.6%), Darwin (17.5%), Perth (+15.0%), Hobart (+14.1%), Brisbane (+12.1%), and Adelaide (+10.8%).
  • The movement in the preliminary established house price index for the weighted average of the eight capital cities between December quarters 2008 and 2009 has been revised from an estimated increase of 13.6% to an estimated increase of 13.5%.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 2010 4 August 2010
September 2010 1 November 2010
December 2010 1 February 2011
March 2011 2 May 2011



CHANGES IN THIS ISSUE

There are no changes this issue.


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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