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MARCH QTR KEY FIGURES

	Dec Qtr 04 to Mar Qtr 05	Mar Qtr 2004 to Mar Qtr 2005
Established house prices	% change	% change
Weighted average of eight capital cities	0.2	0.4
Sydney	0.0	-3.4
Melbourne	-1.6	-1.7
Brisbane	0.5	2.5
Adelaide	2.3	8.0
Perth	2.1	9.9
Hobart	0.5	3.2
Darwin	3.8	9.6
Canberra	2.6	-1.3

Established house prices, Quarterly % change

Established house prices, Quarterly % change - March quarter 2005

MARCH QTR KEY POINTS


ESTABLISHED HOUSE PRICES

QUARTERLY CHANGES

• The price index for established houses in Australia increased 0.2% in the March quarter 2005, compared with an increase of 0.6% in the December quarter 2004.

• House prices rose in Darwin (+3.8%), Canberra (+2.6%), Adelaide (+2.3%), Perth (+2.1%), Brisbane (+0.5%) and Hobart (+0.5%), remained unchanged in Sydney and fell in Melbourne (-1.6%).

• Over the twelve months to March quarter 2005, established house prices rose 0.4%. It was the lowest annual increase since the March quarter 1996.

• Annually, house prices increased in: Perth (+9.9%), Darwin (+9.6%), Adelaide (+8.0%), Hobart (+3.2%) and Brisbane (+2.5%). House prices fell in Sydney (-3.4%), Melbourne (-1.7%) and Canberra (-1.3%).