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6416.0 - House Price Indexes: Eight Capital Cities, Mar 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 05/05/2008   
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MARCH KEY FIGURES

Dec Qtr 07 to Mar Qtr 08
Mar Qtr 07 to Mar Qtr 08
Established house prices
% change
% change

Weighted average of eight capital cities
1.1
13.8
Sydney
-1.5
7.1
Melbourne
4.1
25.9
Brisbane
2.8
20.8
Adelaide
2.1
21.6
Perth
-0.6
0.6
Hobart
-0.7
8.2
Darwin
-1.3
4.9
Canberra
1.0
14.4


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 - March quarter 2008
Graph: ESTABLISHED HOUSE PRICES, Quarterly % change—March quarter 2008—March Qtr 2008




MARCH KEY POINTS


ESTABLISHED HOUSE PRICES

Quarterly Changes
  • Preliminary estimates show the price index for established houses for the weighted average of the eight capital cities increased 1.1% in the March quarter 2008.
  • The capital city indexes rose in Melbourne (+4.1%), Brisbane (+2.8%), Adelaide (+2.1%), Canberra (+1.0%), and fell in Sydney (-1.5%), Darwin (-1.3%), Hobart (-0.7%) and Perth (-0.6%).
  • The movement in the preliminary established house price index between September and December quarters 2007 has been revised from an estimated increase of 3.2% to an increase of 4.1%.


ANNUAL CHANGES (MARCH QUARTER 2007 TO MARCH QUARTER 2008)
  • Over the year to March quarter 2008, preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities rose 13.8%.
  • Annually, the capital city indexes all rose - Melbourne (+25.9%), Adelaide (+21.6%), Brisbane (+20.8%), Canberra (+14.4%), Hobart (+8.2%), Sydney (+7.1%), Darwin (+4.9%) and Perth (+0.6%).
  • The movement in the preliminary established house price index between December quarters 2006 and 2007 has been revised from an estimated increase of 12.3% to an increase of 13.8%.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 2008 4 August 2008
September 2008 3 November 2008
December 2008 2 February 2009
March 2009 4 May 2009



CHANGES IN THIS ISSUE

There are no changes in this issue.


REVISIONS

Estimates for the two most recent quarters of the Established House Price Index Series are preliminary and subject to revision (see paragraphs 12 and 13 of the Explanatory Notes).


INQUIRIES

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


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