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6416.0 - House Price Indexes: Eight Capital Cities, Dec 2006  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 15/02/2007   
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PRICE INDEXES AND CONTRACT PRICE INDEXATION


DECEMBER QTR KEY FIGURES

Sep Qtr 06 to Dec Qtr 06
Dec Qtr 05 to Dec Qtr 06
Established house prices
% change
% change

Weighted average of eight capital cities
0.9
8.3
Sydney
-1.0
-0.1
Melbourne
1.5
8.1
Brisbane
3.0
7.1
Adelaide
2.6
6.4
Perth
1.7
36.9
Hobart
0.2
7.1
Darwin
3.0
17.6
Canberra
1.7
9.2

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 2006

Graph: Established house prices, Quarterly % change—December quarter 2006



DECEMBER QTR KEY POINTS


ESTABLISHED HOUSE PRICES

Quarterly Changes

  • Preliminary estimates show the price index for established houses in Australia increased 0.9% in the December quarter 2006, compared with an increase of 2.1% in the September quarter 2006.
  • House prices rose in Brisbane (+3.0%), Darwin (+3.0%), Adelaide (+2.6%), Perth (+1.7%), Canberra (+1.7%), Melbourne (+1.5%) and Hobart (+0.2%), and fell in Sydney (-1.0%).
  • The movement in the established house price index between June and September quarters 2006 has been revised from the first estimate, an increase of 2.2%, to an increase of 2.1%.

Annual Changes (December quarter 2005 to December quarter 2006)
  • Over the twelve months to December quarter 2006, preliminary estimates show that established house prices rose 8.3%.
  • Annually, house prices rose in Perth (+36.9%), Darwin (+17.6%), Canberra (+9.2%), Melbourne (+8.1%), Brisbane (+7.1%), Hobart (+7.1%) and Adelaide (+6.4%), and fell slightly in Sydney (-0.1%).
  • The movement in the established house price index between September quarters 2005 and 2006 has been revised from the first estimate, an increase of 9.5%, to an increase of 9.7%.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2007 9 May 2007
June 2007 8 August 2007



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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