DECEMBER KEY FIGURES

	Sep Qtr 10 to Dec Qtr 10	Dec Qtr 09 to Dec Qtr 10
Established house prices	% change	% change
Weighted average of eight capital cities	0.7	5.8
Sydney	1.6	7.4
Melbourne	1.3	10.8
Brisbane	0.7	0.7
Adelaide	1.1	3.5
Perth	-3.2	-2.0
Hobart	1.1	1.0
Darwin	0.0	1.7
Canberra	1.9	6.5

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

Established house prices, Quarterly % change - December quarter 2010

DECEMBER 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 0.7% in the December quarter 2010.
• The capital city indexes increased in Sydney (+1.6%), Melbourne (+1.3%), Brisbane (+0.7%), Adelaide (+1.1%), Canberra (+1.9%) and Hobart (+1.1%), and decreased in Perth (-3.2%). There was no change in the index for Darwin.

Annual Changes (December Quarter 2009 to December Quarter 2010)

• Preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities increased 5.8% in the year to December quarter 2010.
• Annually, house prices increased in Melbourne (+10.8%), Sydney (+7.4%), Canberra (+6.5%), Adelaide (+3.5%), Darwin (+1.7%), Hobart (+1.0%), and Brisbane (+0.7%), and decreased in Perth (-2.0%).

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
March 2011	2 May 2011
June 2011	2 August 2011
September 2011	1 November 2011
December 2011	1 February 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 13 to 17 of the Explanatory notes).

Data provision issues have been experienced in the December quarter 2010, which have impacted on September quarter 2010 revised estimates for Melbourne. Processes have been applied to minimise possible biases to the dataset; however, the estimate for Melbourne September quarter 2010 should be used with caution.


IMPACT OF FLOODS

Flooding in Queensland began in late December 2010. It is expected that the first significant economic impact of this and floods in other states will be reflected in the March quarter 2011 release of this publication. Price collection for the December quarter 2010 was not affected by the floods.


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.