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6416.0 - House Price Indexes: Eight Capital Cities, Jun 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/08/2011   
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JUNE KEY FIGURES

Mar Qtr 11 to Jun Qtr 11
Jun Qtr 10 to Jun Qtr 11
Established house prices
% change
% change

Weighted average of eight capital cities
-0.1
-1.9
Sydney
0.4
-0.7
Melbourne
-0.1
-2.0
Brisbane
-0.3
-3.6
Adelaide
-0.8
-2.1
Perth
-1.0
-4.1
Hobart
-0.1
2.8
Darwin
-1.6
-3.0
Canberra
1.1
2.2


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 2011
Graph: Established house prices, Quarterly % change—June quarter 2011




JUNE 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 decreased 0.1% in the June quarter 2011.
  • The capital city indexes decreased in Perth (-1.0%), Adelaide (-0.8%), Brisbane (-0.3%), Melbourne (-0.1%), Darwin (-1.6%), and Hobart (-0.1%) and increased in Sydney (+0.4%) and Canberra (+1.1%).


Annual Changes (June Quarter 2010 to June Quarter 2011)
  • Preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities decreased 1.9% in the year to June quarter 2011.
  • Annually, house prices decreased in Perth (-4.1%), Brisbane (-3.6%), Darwin (-3.0%), Adelaide (-2.1%), Melbourne (-2.0%), and Sydney (-0.7%), and increased in Hobart (+2.8%) and Canberra (+2.2%).


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2011 1 November 2011
December 2011 1 February 2012
March 2012 1 May 2012
June 2012 1 August 2012



CHANGES IN THIS ISSUE

There are no changes in this issue.


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).


IMPACT OF FLOODS

Collection of house price data was not impacted by the floods in Brisbane in January 2011. Preliminary data indicates a decrease in the number of transactions of established houses in Brisbane in the March quarter 2011. However, it is not possible to isolate the effect of flooding in parts of the Brisbane Statistical Division from an overall decrease in market activity. Leading indicator data is a combination of Valuers-General and financial institution data. The number of transactions in the March quarter 2011, based on Valuers-General data only, will be available in the September quarter 2011 publication. At that time, the final house price index result and the unstratified median house price for Brisbane for the March quarter 2011 will also be available. ABS price index compilation methodologies and quality assurance processes have ensured that any impact of the floods on house prices has been reflected in the data included in this publication.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Toni Graham on Sydney (02) 9268 4163.


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