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6416.0 - House Price Indexes: Eight Capital Cities, Jun 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 08/08/2007   
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JUNE QTR KEY FIGURES

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

Weighted average of eight capital cities
3.2
9.2
Sydney
2.3
3.0
Melbourne
5.0
11.5
Brisbane
6.5
15.7
Adelaide
5.7
11.7
Perth
-0.9
15.3
Hobart
2.3
9.7
Darwin
-1.4
7.4
Canberra
2.9
9.0



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



JUNE QTR KEY POINTS


ESTABLISHED HOUSE PRICES

Quarterly Changes

  • Preliminary estimates show the price index for established houses in the capital cities of Australia increased 3.2% in the June quarter 2007 compared with a rise of 1.4% in the March quarter 2007.
  • House prices rose in Brisbane (+6.5%), Adelaide (+5.7%), Melbourne (+5.0%), Canberra (+2.9%), Sydney (+2.3%), and Hobart (+2.3%), and fell in Perth (-0.9%) and Darwin (-1.4%).
  • The movement in the established house price index between December quarter 2006 and March quarter 2007 has been revised from the first estimate, an increase of 1.1%, to an increase of 1.4%.


Annual Changes (June quarter 2006 to June quarter 2007)
  • Over the twelve months to June quarter 2007, preliminary estimates show that established house prices rose 9.2%.
  • Annually, house prices rose in Brisbane (+15.7%), Perth (+15.3%), Adelaide (+11.7%), Melbourne (+11.5%), Hobart (+9.7%), Canberra (+9.0%), Darwin (+7.4%), and Sydney (+3.0%).
  • The movement in the established house price index between March quarters 2006 and 2007 has been revised from the first estimate, an increase of 8.6%, to an increase of 9.9%.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2007 7 November 2007
December 2007 4 February 2008



CHANGES IN THIS ISSUE

There are no changes in this issue.



INQUIRIES

For further information about these and related statistics, contact Mark King on Canberra (02) 6252 5342 or the National Information and Referral Service on 1300 135 070.


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