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6416.0 - House Price Indexes: Eight Capital Cities, Sep 2009  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/11/2009   
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SEPTEMBER KEY FIGURES

Jun Qtr 09 to Sep Qtr 09
Sep Qtr 08 to Sep Qtr 09
Established house prices
% change
% change

Weighted average of eight capital cities
4.2
6.2
Sydney
4.3
5.9
Melbourne
4.7
8.4
Brisbane
4.4
5.6
Adelaide
1.7
3.7
Perth
4.5
4.4
Hobart
1.8
5.4
Darwin
3.4
12.3
Canberra
4.3
7.8


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 2009
Graph: Established house prices, Quarterly % change—September quarter 2009




SEPTEMBER 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 4.2% in the September quarter 2009.
  • The main contributors to the weighted average of the eight capital cities were Sydney (+4.3%) and Melbourne (+4.7%), and there were also positive contributions from Perth (+4.5%), Brisbane (+4.4%), Adelaide (+1.7%), Canberra (+4.3%), Darwin (+3.4%) and Hobart (+1.8%).
  • The movement in the preliminary established house price index between March quarter 2009 and June quarter 2009 has not been revised, showing an estimated increase of 4.2%.


ANNUAL CHANGES (SEPTEMBER QUARTER 2008 TO SEPTEMBER QUARTER 2009)
  • Over the year to September 2009, preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities increased 6.2%.
  • Annually, house prices rose in Darwin (+12.3%), Melbourne (+8.4%), Canberra (+7.8%), Sydney (+5.9%), Brisbane (+5.6%), Hobart (+5.4%), Perth (+4.4%), and Adelaide (+3.7%).
  • The movement in the preliminary established house price index between June quarters 2008 and 2009 has been revised from an estimated decrease of 1.4% to an estimated decrease of 0.7%.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2009 1 February 2010
March 2010 3 May 2010
June 2010 4 August 2010
September 2010 1 November 2010



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 are subject to revision (see paragraphs 12 and 13 of the Explanatory Notes).


UPCOMING RELEASE

A Guide to House Price Indexes (cat. no. 6464.0) is being updated and will be released as a concepts, sources and methods publication on 14 December 2009.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Mark Dubner on Sydney (02) 9268 4448.


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