ANALYSIS
PRELIMINARY:
September Quarter 2012 (+0.3%)
The preliminary price index for established houses for the weighted average of the eight capital cities rose 0.3% in the September quarter 2012. The index rose 0.3% through the year to the September quarter 2012, the first through the year rise since the March quarter 2011.
The positive movement in the September quarter 2012 was the result of rises in Perth (+1.8%), Sydney (+0.3%), Brisbane (+0.4%), Melbourne (+0.2%) and Hobart (+0.2%). This was partially offset by falls in Adelaide (-0.6%), Canberra (-1.1%) and Darwin (-0.5%).
The preliminary estimate for Perth (+1.8%) follows rises in the previous three quarters (+0.5%, +0.9% and +1.2% in the December quarter 2011 and the March and June quarters 2012 respectively). The rise in the September quarter 2012 was driven by clusters with median prices below $700,000. The index rose 4.4% through the year to the September quarter 2012, the second consecutive through the year rise.
The preliminary estimate for Sydney (+0.3%) follows rises in the March and June quarters 2012 (+0.8% and +1.5% respectively). The rise in the September quarter 2012 was driven by clusters with median prices at the top and bottom of the range of prices. These rises were offset by falls in clusters with median prices between $650,000 and $1,000,000. The index rose 1.3% through the year to the September quarter 2012, following falls in the March and June quarters 2012 (-2.1% and -0.9% respectively).
The preliminary estimate for Melbourne (+0.2%) follows falls in the preceding six quarters (-1.4%, -1.1%, -2.0%, -1.2%, -1.1% and -0.2% in the March to December quarters 2011 and the March and June quarters 2012 respectively). The index fell 2.3% through the year to the September quarter 2012, a smaller through the year fall than the preceding five quarters (-2.8%, -3.0%, -5.6%, -5.3% and -4.4% in the June to December quarters 2011 and the March and June quarters 2012 respectively).
REVISED:
June Quarter 2012 (+0.6%)
The preliminary price index for established houses for the weighted average of the eight capital cities rose 0.6% in the June quarter 2012. This was revised from a preliminary estimated rise of 0.5%. The through the year movement has been revised from an estimated fall of 2.1% to an estimated fall of 1.9%.
The positive movement in the June quarter 2012 was the result of rises in Sydney (+1.5%, revised from +1.4%), Perth (+1.2%, revised from +0.6%), Adelaide (+0.4%, revised from +0.5%) and Darwin (+2.5%, revised from +5.1%). This was partially offset by falls in Melbourne (-0.2%, revised from -0.4%), Canberra (-1.2%, revised from -1.3%), Brisbane (-0.2%, revised from +0.1%) and Hobart (-1.0%, revised from -0.4%).
The preliminary estimate for Sydney (+1.5%) follows a rise in the March quarter 2012 (+0.8, unchanged). The increase in Sydney was consistent across all segments of the market with most clusters contributing to the rise. Sydney fell 0.9% through the year to the June quarter 2012.
FINAL:
March Quarter 2012 (0.0%)
The final price index for established houses for the weighted average of the eight capital cities showed no movement in the March quarter 2012. This was revised from a second preliminary estimated fall of 0.1%. The movement through the year to the March quarter 2012 was revised from a fall of 3.5% to a fall of 3.4%.
The March quarter 2012 result was due to rises in Sydney (+0.8%, unchanged), Perth (+0.9%, revised from +0.7%), Darwin (+4.4%, unchanged) and Canberra (+0.7%, revised from +0.3%). This was offset by falls in Melbourne (-1.1%, revised from -1.3%), Adelaide (-0.9%, revised from -1.2%), Hobart (-2.9%, revised from -2.0%) and Brisbane (-0.1%, unchanged).
Quality Declaration 
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