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6416.0 - House Price Indexes: Eight Capital Cities, Sep 2003  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/12/2003   
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SEPTEMBER QTR KEY FIGURES



% change
% change
Jun Qtr 2003 to
Sep Qtr 2002 to
ESTABLISHED HOUSE PRICES
Sep Qtr 2003
Sep Qtr 2003

Weighted average of eight capital cities
3.4
17.6
Sydney
2.2
16.5
Melbourne
1.9
11.6
Brisbane
6.4
27.8
Adelaide
4.1
22.8
Perth
5.5
19.2
Hobart
5.7
19.1
Darwin
0.8
5.6
Canberra
5.4
24.4



Graph - Established house prices, quarterly percentage change
Graph - Established house prices, quarterly percentage change, September quarter 2003




SEPTEMBER QTR KEY POINTS

ESTABLISHED HOUSE PRICES

QUARTERLY CHANGES
  • The price index for established houses in Australia rose 3.4% in the September quarter 2003, compared with an increase of 5.0% in the June quarter 2003.
  • Prices rose in all capital cities: Brisbane (+6.4%), Hobart (+5.7%), Perth (+5.5%), Canberra (+5.4%), Adelaide (+4.1%), Sydney (+2.2%), Melbourne (+1.9%) and Darwin (+0.8%).


ANNUAL CHANGES
  • Over the year to September quarter 2003, established house prices rose 17.6%.
  • Annual increases in the capital cities were: Brisbane (+27.8%), Canberra (+24.4%), Adelaide (+22.8%), Perth (+19.2%), Hobart (+19.1%), Sydney (+16.5%), Melbourne (+11.6%) and Darwin (+5.6%).


NOTES


CHANGES IN THIS ISSUE

There are no changes in this issue.


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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