JUNE QTR KEY FIGURES
 | Mar Qtr 04 to Jun Qtr 04 | Jun Qtr 2003 to Jun Qtr 2004 |
| Established house prices | % change | % change |
|
| Weighted average of eight capital cities | -1.2 | 10.9 |
| Sydney | -5.4 | 5.3 |
| Melbourne | 1.0 | 5.5 |
| Brisbane | 1.5 | 28.5 |
| Adelaide | 2.5 | 16.9 |
| Perth | 2.1 | 14.6 |
| Hobart | 4.2 | 18.4 |
| Darwin | 2.3 | 16.3 |
| Canberra | -3.3 | 13.1 |
|
Established house prices, Quarterly % change
| Established house prices, Quarterly % change - June quarter 2004
|
JUNE QTR KEY POINTS
ESTABLISHED HOUSE PRICES
Quarterly Changes
- The price index for established houses in Australia fell 1.2% in the June quarter 2004, compared with an increase of 2.5% in March quarter 2004. This was the first fall in the index since September quarter 2000.
- House prices fell in Sydney (-5.4%) and Canberra (-3.3%), but rose in each of the other capital cities: Hobart (+4.2%), Adelaide (+2.5%), Darwin (+2.3%), Perth (+2.1%), Brisbane (+1.5%) and Melbourne (+1.0%).
Annual Changes
- Over the twelve months to June quarter 2004, established house prices rose 10.9%. It was the lowest annual increase since June quarter 2001.
- Annual increases in the capital cities were: Brisbane (+28.5%), Hobart (+18.4%), Adelaide (+16.9%), Darwin (+16.3%), Perth (+14.6%), Canberra (+13.1%), Melbourne (+5.5%) and Sydney (+5.3%).
NOTES
CHANGES IN THIS ISSUE
The index for national accounts private housing investment shown in Tables 5 and 6 has been revised due to the annual reweighting of the chain Laspeyres price index for private capital expenditure on houses. This has resulted in small revisions to some index numbers and percentage movements for December quarter 2003 and March quarter 2004.
INQUIRIES
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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