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MARCH KEY FIGURES

	Dec Qtr 07 to Mar Qtr 08	Mar Qtr 07 to Mar Qtr 08
Established house prices	% change	% change
Weighted average of eight capital cities	1.1	13.8
Sydney	-1.5	7.1
Melbourne	4.1	25.9
Brisbane	2.8	20.8
Adelaide	2.1	21.6
Perth	-0.6	0.6
Hobart	-0.7	8.2
Darwin	-1.3	4.9
Canberra	1.0	14.4

ESTABLISHED HOUSE PRICES, Weighted average of eight capital cities - Quarterly % change

ESTABLISHED HOUSE PRICES, Quarterly % change - March quarter 2008

• Preliminary estimates show the price index for established houses for the weighted average of the eight capital cities increased 1.1% in the March quarter 2008.
• The capital city indexes rose in Melbourne (+4.1%), Brisbane (+2.8%), Adelaide (+2.1%), Canberra (+1.0%), and fell in Sydney (-1.5%), Darwin (-1.3%), Hobart (-0.7%) and Perth (-0.6%).
• The movement in the preliminary established house price index between September and December quarters 2007 has been revised from an estimated increase of 3.2% to an increase of 4.1%.

• Over the year to March quarter 2008, preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities rose 13.8%.
• Annually, the capital city indexes all rose - Melbourne (+25.9%), Adelaide (+21.6%), Brisbane (+20.8%), Canberra (+14.4%), Hobart (+8.2%), Sydney (+7.1%), Darwin (+4.9%) and Perth (+0.6%).
• The movement in the preliminary established house price index between December quarters 2006 and 2007 has been revised from an estimated increase of 12.3% to an increase of 13.8%.