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6416.0 - House Price Indexes: Eight Capital Cities, Jun 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 06/08/2013   
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JUNE KEY FIGURES

Mar Qtr 13 to Jun Qtr 13
Jun Qtr 12 to Jun Qtr 13
Established house prices
% change
% change

Weighted average of eight capital cities
2.4
5.1
Sydney
2.7
6.1
Melbourne
2.4
3.3
Brisbane
1.9
3.7
Adelaide
0.3
0.6
Perth
3.4
11.0
Hobart
-1.0
1.2
Darwin
2.9
7.7
Canberra
1.0
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 - June quarter 2013
Graph: Established house prices, Quarterly % change—June quarter 2013




JUNE KEY POINTS


ESTABLISHED HOUSE PRICES

Quarterly Changes
  • Preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities rose 2.4% in the June quarter 2013.
  • The capital city indexes rose in Sydney (+2.7%), Melbourne (+2.4%), Perth (+3.4%), Brisbane (+1.9%), Canberra (+1.0%), Adelaide (+0.3%) and Darwin (+2.9%) and fell in Hobart (-1.0%).


Annual Changes (June Quarter 2012 to June Quarter 2013)
  • Preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities rose 5.1% in the year to the June quarter 2013.
  • Annually, house prices rose in Perth (+11.0%), Darwin (+7.7%), Sydney (+6.1%), Brisbane (+3.7%), Melbourne (+3.3%), Canberra (+2.6%), Hobart (+1.2%) and Adelaide (+0.6%).


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2013 4 November 2013
December 2013 4 February 2014
March 2014 6 May 2014
June 2014 5 August 2014



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).


CHANGES IN FUTURE ISSUES

From the December quarter 2013, a number of changes to the content and format of this publication will be made. Details about these changes will be available in the Information Paper: Forthcoming changes to House Price Indexes: Eight Capital Cities (cat. no. 6416.0.55.022) which is scheduled for release on 24 September 2013.

In summary:
  • the current geography will be updated to align with the Australian Statistical Geography Standard (ASGS);
  • the weights and the variables used to stratify the index will be updated using data from the 2011 Census;
  • all index numbers will be calculated on a new index reference period of 2011-12=100;
  • an Attached Dwellings Index and an aggregated Residential Property Price Index will be published in addition to the existing House Price Index;
  • a measure for the total value of the dwelling stock has been developed and will be available.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Neel Tikaram on Sydney (02) 9268 4792.


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