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DECEMBER KEY FIGURES

	Sep Qtr 07 to Dec Qtr 07	Dec Qtr 06 to Dec Qtr 07
Established house prices	% change	% change
Weighted average of eight capital cities	3.2	12.3
Sydney	2.4	8.0
Melbourne	3.4	18.1
Brisbane	5.4	21.6
Adelaide	6.0	20.2
Perth	0.9	1.1
Hobart	3.7	11.1
Darwin	2.3	11.1
Canberra	4.4	14.3

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

Established house prices, Quarterly % change - December quarter 2007

DECEMBER 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 3.2% in the December quarter 2007. The increase in the September quarter 2007 was also 3.2%.
• The capital city indexes all rose this quarter - Adelaide (+6.0%), Brisbane (+5.4%), Canberra (+4.4%), Hobart (+3.7%), Melbourne (+3.4%), Sydney (+2.4%), Darwin (+2.3%) and Perth (+0.9%).
• The movement in the established house price index between June and September quarters 2007 has been revised from a preliminary estimate of an increase of 3.5%, to an increase of 3.2%.

• Over the year to December quarter 2007, preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities rose 12.3%.
• Annually, the capital city indexes all rose - Brisbane (+21.6%), Adelaide (+20.2%), Melbourne (+18.1%), Canberra (+14.3%), Hobart (+11.1%), Darwin (+11.1%), Sydney (+8.0%) and Perth (+1.1%).
• The movement in the established house price index between September quarters 2006 and 2007 has been revised from a preliminary estimate of an increase of 10.6%, to an increase of 10.8%.

REVISIONS

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

INQUIRIES

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