HOUSE PRICE INDEXES
3 HOUSE PRICE INDEXES (a) - Perth |
|
 | | ESTABLISHED HOMES(b) | Change from previous quarter(b) | PROJECT HOMES | Change from previous quarter |
| Reference period | index | % | index | % |
|
| 2008 | | | | |
| September | 186.6 | -2.2 | 152.5 | 1.7 |
| 2009 | | | | |
| June | p186.5 | p2.7 | 153.6 | 0.1 |
| September | p194.9 | p4.5 | 154.1 | 0.3 |
|
| p preliminary figure or series subject to revision |
| (a) Base of each index 2003-04 = 100.0. |
| (b) Estimates for the two most recent quarters are experimental (see paragraph 12 and 13 of the Explanatory Notes in the source publication). |
| Source: House Price Indexes, Eight Capital Cities (cat. no. 6416.0). |
- In the September quarter 2009, the established house price index rose for the second consecutive quarter. The index figure (194.9) was 4.5% higher than in the previous quarter and 4.4% higher than in the same quarter of 2008.
- The project house price index increased slightly in the September quarter 2009, being 0.3% higher than in the previous quarter and 1% higher than in the September quarter 2008.
- Of the two house price indices, the project homes index has shown more stability in recent times, increasing between 1% and 4% each quarter since September quarter 2007. In contrast, the established house price index has been quite volatile, dropping to a low of 181.6 in March 2009, after reaching 195.3 in the same quarter of the previous year.
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House Price Indexes: Eight Capital Cities, Sep 2009 (cat. no. 6416.0)
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