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MARCH KEY FIGURES

	Dec Qtr 08 to Mar Qtr 09	Mar Qtr 08 to Mar Qtr 09
Established house prices	% change	% change
Weighted average of eight capital cities	-2.2	-6.7
Sydney	-2.9	-7.3
Melbourne	-2.3	-6.7
Brisbane	-1.1	-6.3
Adelaide	-0.8	-1.9
Perth	-3.6	-10.1
Hobart	0.1	0.6
Darwin	2.2	10.8
Canberra	0.5	-5.1

Established house prices, Weighted average of eight capital cities - Quarterly % change

Established house prices, Quarterly % change - March quarter 2009

• Preliminary estimates show the price index for established houses for the weighted average of the eight capital cities decreased 2.2% in the March quarter 2009.
• The main contributors to the decrease were Sydney (-2.9%), Melbourne (-2.3%), Perth (-3.6%), Brisbane (-1.1%) and Adelaide (-0.8%). These decreases were partially offset by increases in Darwin (+2.2%), Canberra (+0.5%) and Hobart (+0.1%).
• The movement in the preliminary established house price index between September and December quarters 2008 has been revised from an estimated decrease of 0.8% to an estimated decrease of 1.2%.

• Over the year to March 2009, preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities decreased 6.7%.
• Annually, house prices rose in Darwin (+10.8%) and Hobart (+0.6%), and fell in Perth (-10.1%), Sydney (-7.3%), Melbourne (-6.7%), Brisbane (-6.3%), Canberra (-5.1%), and Adelaide (-1.9%).
• The movement in the preliminary established house price index between December quarters 2008 and 2009 has been revised from an estimated decrease of 3.3% to an estimated decrease of 3.9%.