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6416.0 - House Price Indexes: Eight Capital Cities, Mar 2005  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/06/2005   
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MARCH QTR KEY FIGURES

Dec Qtr 04 to Mar Qtr 05
Mar Qtr 2004 to Mar Qtr 2005
Established house prices
% change
% change

Weighted average of eight capital cities
0.2
0.4
Sydney
0.0
-3.4
Melbourne
-1.6
-1.7
Brisbane
0.5
2.5
Adelaide
2.3
8.0
Perth
2.1
9.9
Hobart
0.5
3.2
Darwin
3.8
9.6
Canberra
2.6
-1.3

Established house prices, Quarterly % change

Graph: Established house prices, quarterly % change

Established house prices, Quarterly % change - March quarter 2005

Graph: Established house prices Quarterly % change March quarter 2005



MARCH QTR KEY POINTS


ESTABLISHED HOUSE PRICES

QUARTERLY CHANGES

  • The price index for established houses in Australia increased 0.2% in the March quarter 2005, compared with an increase of 0.6% in the December quarter 2004.
  • House prices rose in Darwin (+3.8%), Canberra (+2.6%), Adelaide (+2.3%), Perth (+2.1%), Brisbane (+0.5%) and Hobart (+0.5%), remained unchanged in Sydney and fell in Melbourne (-1.6%).


ANNUAL CHANGES
  • Over the twelve months to March quarter 2005, established house prices rose 0.4%. It was the lowest annual increase since the March quarter 1996.
  • Annually, house prices increased in: Perth (+9.9%), Darwin (+9.6%), Adelaide (+8.0%), Hobart (+3.2%) and Brisbane (+2.5%). House prices fell in Sydney (-3.4%), Melbourne (-1.7%) and Canberra (-1.3%).


NOTES

INQUIRIES

For further information about these and related statistics, contact Steve Whennan on Canberra (02) 6252 6251 or the National Information and Referral Service on 1300 135 070.


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