6416.0 - House Price Indexes: Eight Capital Cities, Dec 2011 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 01/02/2012   
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DECEMBER KEY FIGURES

Sep Qtr 11 to Dec Qtr 11
Dec Qtr 10 to Dec Qtr 11
Established house prices
% change
% change

Weighted average of eight capital cities
-1.0
-4.8
Sydney
-1.0
-2.7
Melbourne
-1.6
-6.1
Brisbane
-1.3
-6.7
Adelaide
-1.6
-6.4
Perth
0.5
-4.9
Hobart
0.8
-4.0
Darwin
-1.4
-5.4
Canberra
0.7
-2.6


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

Established house prices, Quarterly % change - December quarter 2011
Graph: Established house prices, Quarterly % change—December quarter 2011




DECEMBER KEY POINTS


ESTABLISHED HOUSE PRICES

Quarterly Changes
  • Preliminary estimates show the price index for established houses for the weighted average of the eight capital cities decreased 1.0% in the December quarter 2011.
  • The capital city indexes decreased in Melbourne (-1.6%), Sydney (-1.0%), Brisbane (-1.3%), Adelaide (-1.6%) and Darwin (-1.4%) and increased in Perth (0.5%), Canberra (0.7%) and Hobart (0.8%) .


Annual Changes (December Quarter 2010 to December Quarter 2011)
  • Preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities decreased 4.8% in the year to the December quarter 2011.
  • Annually, house prices decreased in Brisbane (-6.7%), Adelaide (-6.4%), Melbourne (-6.1%), Darwin (-5.4%), Perth (-4.9%), Hobart (-4.0%), Sydney (-2.7%) and Canberra (-2.6%).


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2012 1 May 2012
June 2012 1 August 2012
September 2012 6 November 2012
December 2012 5 February 2013



CHANGES IN THIS ISSUE

There are no changes in this issue.


REVISIONS

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).


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Mark Dubner on Sydney (02) 9268 4448.