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6416.0 - House Price Indexes: Eight Capital Cities, Mar 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 09/05/2007   
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PRICE INDEXES AND CONTRACT PRICE INDEXATION


MARCH QTR KEY FIGURES

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

Weighted average of eight capital cities
1.1
8.6
Sydney
-0.4
1.5
Melbourne
1.5
7.4
Brisbane
2.9
10.2
Adelaide
1.7
6.1
Perth
2.1
32.1
Hobart
3.8
10.5
Darwin
2.8
15.0
Canberra
1.2
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
- March quarter 2007

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



MARCH QTR KEY POINTS


ESTABLISHED HOUSE PRICES

Quarterly Changes

  • Preliminary estimates show the price index for established houses in the capital cities of Australia increased 1.1% in the March quarter 2007 consistent with an increase of 1.1% in the December quarter 2006.
  • House prices rose in Hobart (+3.8%), Brisbane (+2.9%), Darwin (+2.8%), Perth (+2.1%), Adelaide (+1.7%), Melbourne (+1.5%) and Canberra (+1.2%), and fell in Sydney (-0.4%).
  • The movement in the established house price index between September and December quarters 2006 has been revised from the first estimate, an increase of 0.9%, to an increase of 1.1%.

Annual Changes (March quarter 2006 to March quarter 2007)
  • Over the twelve months to March quarter 2007, preliminary estimates show that established house prices rose 8.6%.
  • Annually, house prices rose in Perth (+32.1%), Darwin (+15.0%), Hobart (+10.5%), Brisbane (+10.2%), Canberra (+9.0%), Melbourne (+7.4%), Adelaide (+6.1%), and Sydney (+1.5%).
  • The movement in the established house price index between December quarters 2005 and 2006 has been revised from the first estimate, an increase of 8.3%, to an increase of 8.8%.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 2007 8 August 2007
September 2007 7 November 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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