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MARCH KEY FIGURES

	Dec Qtr 09 to Mar Qtr 10	Mar Qtr 09 to Mar Qtr 10
Established house prices	% change	% change
Weighted average of eight capital cities	4.8	20.0
Sydney	5.3	21.0
Melbourne	6.7	27.7
Brisbane	2.0	12.1
Adelaide	2.7	10.8
Perth	3.5	15.0
Hobart	4.2	14.1
Darwin	3.6	17.5
Canberra	5.4	20.6

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

Established house prices, Quarterly % change - March quarter 2010

• Preliminary estimates show the price index for established houses for the weighted average of the eight capital cities increased 4.8% in the March quarter 2010.
• The main contributors to the weighted average of the eight capital cities were Melbourne (+6.7%) and Sydney (+5.3%). The strongest growth in these two cities came from established houses with relatively high prices. There were also positive contributions from Perth (+3.5%), Brisbane (+2.0%), Adelaide (+2.7%), Canberra (+5.4%), Hobart (+4.2%) and Darwin (+3.6%).
• The movement in the preliminary established house price index for the weighted average of the eight capital cities between September quarter 2009 and December quarter 2009 has been revised from an estimated increase of 5.2% to an estimated increase of 5.1%.

• Preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities increased 20.0% in the year to March quarter 2010. This preliminary result is the largest annual increase since the series commenced in March quarter 2002.
• Annually, house prices rose in Melbourne (+27.7%), Sydney (+21.0%), Canberra (+20.6%), Darwin (17.5%), Perth (+15.0%), Hobart (+14.1%), Brisbane (+12.1%), and Adelaide (+10.8%).
• The movement in the preliminary established house price index for the weighted average of the eight capital cities between December quarters 2008 and 2009 has been revised from an estimated increase of 13.6% to an estimated increase of 13.5%.