6416.0 - House Price Indexes: Eight Capital Cities, Jun 2009  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 04/08/2009   
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JUNE KEY FIGURES

Mar Qtr 09 to Jun Qtr 09
Jun Qtr 08 to Jun Qtr 09
Established house prices
% change
% change

Weighted average of eight capital cities
4.2
-1.4
Sydney
4.9
-0.9
Melbourne
5.2
-1.5
Brisbane
2.5
-3.3
Adelaide
3.4
2.7
Perth
2.7
-3.7
Hobart
2.5
0.1
Darwin
2.4
11.0
Canberra
3.6
-0.2


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 2009
Graph: Established house prices, Quarterly % change—June quarter 2009




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 increased 4.2% in the June quarter 2009.
  • There were price rises in all capital cities with Sydney (+4.9%), Melbourne (+5.2%), Perth (+2.7%), Brisbane (+2.5%) and Adelaide (+3.4%) the major contributors to the weighted average of the eight capital cities. There were smaller contributions from Canberra (+3.6%), Hobart (+2.5%) and Darwin (+2.4%).
  • The movement in the preliminary established house price index between December quarter 2008 and March quarter 2009 has been revised from an estimated decrease of 2.2% to an estimated decrease of 1.5%.


ANNUAL CHANGES (JUNE QUARTER 2008 TO JUNE QUARTER 2009)
  • Over the year to June 2009, preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities decreased 1.4%.
  • Annually, house prices rose in Darwin (+11.0%), Adelaide (+2.7%) and Hobart (+0.1%), and fell in Perth (-3.7%), Brisbane (-3.3%), Melbourne (-1.5%), Sydney (-0.9%) and Canberra (-0.2%).
  • The movement in the preliminary established house price index between March quarters 2008 and 2009 has been revised from an estimated decrease of 6.7% to an estimated decrease of 6.2%.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2009 2 November 2009
December 2009 1 February 2010
March 2010 3 May 2010
June 2010 4 August 2010



CHANGES IN THIS ISSUE

There are no changes in this issue.


REVISIONS

Estimates for the two most recent quarters of the established house price index series are preliminary and are subject to revision (see paragraphs 12 and 13 of the Explanatory Notes).


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Mark Dubner on Sydney (02) 9268 4448.