1367.5 - Western Australian Statistical Indicators, Sep 2009  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 27/10/2009   
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Contents >> Prices >> House Price Indexes

HOUSE PRICE INDEXES

  • After five consecutive quarters of decrease, the established homes price index for Western Australia rebounded in June 2009, showing a quarterly increase of 2.7%. The weighted average index for the eight Australian capital cities also turned around, with a 1.5% increase.
  • The project homes index showed a very slight increase in the June quarter (up 0.1%) after a decrease (-0.4%) in the previous quarter.

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
June
r190.8
r-2.3
150.0
0.8
2009
March
p178.8
p-2.0
153.4
-0.4
June
p183.7
p2.7
153.6
0.1

p preliminary figure or series subject to revision
r revised
(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 June 2009, the established home price index for Perth was 3.7% lower than in June 2008, following a March 2008 to March 2009 decrease of 8.4%, the largest annual decrease in the index's six year history.
  • Despite a slight decline in the March quarter, the price index of project homes in June 2009 was 2.4% higher than in June 2008.






To view Excel spreadsheet: House Price Indexes

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