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6416.0 - House Price Indexes: Eight Capital Cities, Mar 2009  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/05/2009   
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MARCH KEY FIGURES

Dec Qtr 08 to Mar Qtr 09
Mar Qtr 08 to Mar Qtr 09
Established house prices
% change
% change

Weighted average of eight capital cities
-2.2
-6.7
Sydney
-2.9
-7.3
Melbourne
-2.3
-6.7
Brisbane
-1.1
-6.3
Adelaide
-0.8
-1.9
Perth
-3.6
-10.1
Hobart
0.1
0.6
Darwin
2.2
10.8
Canberra
0.5
-5.1


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




MARCH 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 decreased 2.2% in the March quarter 2009.
  • The main contributors to the decrease were Sydney (-2.9%), Melbourne (-2.3%), Perth (-3.6%), Brisbane (-1.1%) and Adelaide (-0.8%). These decreases were partially offset by increases in Darwin (+2.2%), Canberra (+0.5%) and Hobart (+0.1%).
  • The movement in the preliminary established house price index between September and December quarters 2008 has been revised from an estimated decrease of 0.8% to an estimated decrease of 1.2%.


ANNUAL CHANGES (MARCH QUARTER 2008 TO MARCH QUARTER 2009)
  • Over the year to March 2009, preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities decreased 6.7%.
  • Annually, house prices rose in Darwin (+10.8%) and Hobart (+0.6%), and fell in Perth (-10.1%), Sydney (-7.3%), Melbourne (-6.7%), Brisbane (-6.3%), Canberra (-5.1%), and Adelaide (-1.9%).
  • The movement in the preliminary established house price index between December quarters 2008 and 2009 has been revised from an estimated decrease of 3.3% to an estimated decrease of 3.9%.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 2009 4 August 2009
September 2009 2 November 2009
December 2009 1 February 2010
March 2010 3 May 2010



CHANGES IN THIS ISSUE

There are no changes in this issue.


CHANGES TO TIME SERIES SPREADSHEETS

From this issue onwards, Table 9, Revisions to established house price index series, is presented in time series spreadsheet format on the ABS website, rather than as a data cube.


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).


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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