6416.0 - House Price Indexes: Eight Capital Cities, Mar 2011 Quality Declaration
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 02/05/2011
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MARCH KEY POINTS
ESTABLISHED HOUSE PRICES
Annual Changes (March Quarter 2010 to March Quarter 2011)
CHANGES IN THIS ISSUE
There are no changes in this issue.
Estimates for the two most recent quarters of the HPI series are preliminary and subject to revision (see paragraphs 15 to 19 of the Explanatory notes).
IMPACT OF FLOODS
Collection of house price data was not impacted by the floods in Brisbane in January 2011. Preliminary data indicates a decrease in the number of transactions of established houses in Brisbane in the March quarter 2011. However, it is not possible to isolate the effect of flooding in parts of the Brisbane Statistical Division from an overall decrease in market activity. Leading indicator data is a combination of valuers-general and financial institution data. The number of transactions in March quarter 2011, based on valuers-general data only, will be available in the September quarter 2011 publication. At that time, the final house price index result and the unstratified median house price for Brisbane for March quarter 2011 will also be available. ABS price index compilation methodologies and quality assurance processes have ensured that any impact of the floods on house prices has been reflected in the data included in this publication.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Toni Graham on Sydney (02) 9268 4163.
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