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JUNE KEY FIGURES

	Mar Qtr 08 to Jun Qtr 08	Jun Qtr 07 to Jun Qtr 08
Established house prices	% change	% change
Weighted average of eight capital cities	–0.3	8.2
Sydney	0.3	4.4
Melbourne	–0.3	14.1
Brisbane	0.6	14.0
Adelaide	0.4	16.2
Perth	–2.4	–0.9
Hobart	–2.0	3.0
Darwin	1.9	7.0
Canberra	–1.4	7.2

Established House Prices, Weighted average of eight capital cities – Quarterly % change

Established House Prices, Quarterly % change – June quarter 2008

• Preliminary estimates show the price index for established houses for the weighted average of the eight capital cities decreased –0.3% in the June quarter 2008.
• The capital city indexes rose in Darwin (+1.9%), Brisbane (+0.6%), Adelaide (+0.4%) and Sydney (+0.3%), and fell in Perth (–2.4%), Hobart (–2.0%), Canberra (–1.4%) and Melbourne (–0.3%).
• The movement in the preliminary established house price index between December quarter 2007 and March quarter 2008 has been revised from an estimated increase of 1.1% to an increase of 0.4%.

• Over the year to June quarter 2008, preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities rose 8.2%.
• Annually, house prices rose in Adelaide (+16.2%), Melbourne (+14.1%), Brisbane (+14.0%), Canberra (+7.2%), Darwin (+7.0%), Sydney (+4.4%) and Hobart (+3.0%) and fell in Perth (–0.9%).
• The movement in the preliminary established house price index between March quarters 2007 and 2008 has been revised from an estimated increase of 13.8% to an increase of 13.2%.