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SEPTEMBER KEY FIGURES

	Jun Qtr 07 to Sep Qtr 07	Sep Qtr 06 to Sep Qtr 07
Established house prices	% change	% change
Weighted average of eight capital cities	3.5	10.6
Sydney	1.5	5.2
Melbourne	6.7	17.8
Brisbane	4.0	18.1
Adelaide	5.1	16.2
Perth	1.1	2.8
Hobart	3.9	11.6
Darwin	5.1	13.1
Canberra	3.9	11.2

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

Established house prices, Quarterly % change - September quarter 2007

SEPTEMBER KEY POINTS


ESTABLISHED HOUSE PRICES

Quarterly Changes

• Preliminary estimates show the price index for established houses in the capital cities of Australia increased 3.5% in the September quarter 2007 compared with a rise of 3.7% in the June quarter 2007.
• House prices rose this quarter in Melbourne (+6.7%), Adelaide (+5.1%), Darwin (+5.1%), Brisbane (+4.0%), Hobart (+3.9%), Canberra (+3.9%), Sydney (+1.5%) and Perth (+1.1%).
• The movement in the established house price index between March and June quarters 2007 has been revised from the first estimate, an increase of 3.2%, to an increase of 3.7%.

• Over the twelve months to September quarter 2007, preliminary estimates show that established house prices rose 10.6%.
• Annually, house prices rose in Brisbane (+18.1%), Melbourne (+17.8%), Adelaide (+16.2%), Darwin (+13.1%), Hobart (+11.6%), Canberra (+11.2%), Sydney (+5.2%), and Perth (2.8%).
• The movement in the established house price index between June quarters 2006 and 2007 has been revised from the first estimate, an increase of 9.2%, to an increase of 9.5%.

REVISIONS

Estimates for the two most recent quarters of the Established House Price Index Series are experimental (see paragraphs 12 and 13 of the Explanatory Notes).


INQUIRIES

For further information about these and related statistics, contact Prices Statistical Output and Enquiries on Canberra (02) 6252 6251 or the National Information and Referral Service on 1300 135 070.