6416.0 - House Price Indexes: Eight Capital Cities, Dec 2008
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/02/2009
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DECEMBER KEY POINTS
ESTABLISHED HOUSE PRICES
ANNUAL CHANGES (DECEMBER QUARTER 2007 TO DECEMBER QUARTER 2008)
CHANGES IN THIS ISSUE
This issue introduces an updated weighting pattern and changes to the stratification method used in the calculation of the established house price index. More details of these changes can be found in the Appendix on page 18 of this issue.
Estimates for the two most recent quarters of the established house price index series are preliminary and are subject to revision (see paragraphs 12 and 13 of the Explanatory Notes). This issue, revisions to June and September quarters 2008 also reflect updates to the weighting pattern and stratification method.
The series for median price of established house transfers (unstratified) and number of established house transfers are subject to revision. In addition to the usual reason for revisions outlined in paragraph 27 of the Explanatory Notes, this issue there are revisions resulting from implementation of the updated stratification method.
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.
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