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6416.0 - House Price Indexes: Eight Capital Cities, Dec 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/02/2008   
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DECEMBER KEY FIGURES

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

Weighted average of eight capital cities
3.2
12.3
Sydney
2.4
8.0
Melbourne
3.4
18.1
Brisbane
5.4
21.6
Adelaide
6.0
20.2
Perth
0.9
1.1
Hobart
3.7
11.1
Darwin
2.3
11.1
Canberra
4.4
14.3

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



DECEMBER 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 3.2% in the December quarter 2007. The increase in the September quarter 2007 was also 3.2%.
  • The capital city indexes all rose this quarter - Adelaide (+6.0%), Brisbane (+5.4%), Canberra (+4.4%), Hobart (+3.7%), Melbourne (+3.4%), Sydney (+2.4%), Darwin (+2.3%) and Perth (+0.9%).
  • The movement in the established house price index between June and September quarters 2007 has been revised from a preliminary estimate of an increase of 3.5%, to an increase of 3.2%.


ANNUAL CHANGES (DECEMBER QUARTER 2006 TO DECEMBER QUARTER 2007)
  • Over the year to December quarter 2007, preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities rose 12.3%.
  • Annually, the capital city indexes all rose - Brisbane (+21.6%), Adelaide (+20.2%), Melbourne (+18.1%), Canberra (+14.3%), Hobart (+11.1%), Darwin (+11.1%), Sydney (+8.0%) and Perth (+1.1%).
  • The movement in the established house price index between September quarters 2006 and 2007 has been revised from a preliminary estimate of an increase of 10.6%, to an increase of 10.8%.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2008 5 May 2008
June 2008 4 August 2008
September 2008 3 November 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 preliminary and subject to revision (see paragraphs 12 and 13 of the Explanatory Notes).



INQUIRIES

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


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