• Summary
• Downloads
• Explanatory Notes
• Related Information
• Past Releases

PRICE INDEXES AND CONTRACT PRICE INDEXATION


DECEMBER QTR KEY FIGURES

	Sep Qtr 06 to Dec Qtr 06	Dec Qtr 05 to Dec Qtr 06
Established house prices	% change	% change
Weighted average of eight capital cities	0.9	8.3
Sydney	-1.0	-0.1
Melbourne	1.5	8.1
Brisbane	3.0	7.1
Adelaide	2.6	6.4
Perth	1.7	36.9
Hobart	0.2	7.1
Darwin	3.0	17.6
Canberra	1.7	9.2

Established house prices, Weighted average of eight capital cities - Quarterly % change

Established house prices, Quarterly % change - December quarter 2006

DECEMBER QTR KEY POINTS


ESTABLISHED HOUSE PRICES

Quarterly Changes

• Preliminary estimates show the price index for established houses in Australia increased 0.9% in the December quarter 2006, compared with an increase of 2.1% in the September quarter 2006.
• House prices rose in Brisbane (+3.0%), Darwin (+3.0%), Adelaide (+2.6%), Perth (+1.7%), Canberra (+1.7%), Melbourne (+1.5%) and Hobart (+0.2%), and fell in Sydney (-1.0%).
• The movement in the established house price index between June and September quarters 2006 has been revised from the first estimate, an increase of 2.2%, to an increase of 2.1%.

• Over the twelve months to December quarter 2006, preliminary estimates show that established house prices rose 8.3%.
• Annually, house prices rose in Perth (+36.9%), Darwin (+17.6%), Canberra (+9.2%), Melbourne (+8.1%), Brisbane (+7.1%), Hobart (+7.1%) and Adelaide (+6.4%), and fell slightly in Sydney (-0.1%).
• The movement in the established house price index between September quarters 2005 and 2006 has been revised from the first estimate, an increase of 9.5%, to an increase of 9.7%.

INQUIRIES

For further information about these and related statistics, contact Mark King on Canberra (02) 6252 5342 or the National Information and Referral Service on 1300 135 070.