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	Dec Qtr 06 to Mar Qtr 07	Mar Qtr 06 to Mar Qtr 07
Established house prices	% change	% change
Weighted average of eight capital cities	1.1	8.6
Sydney	-0.4	1.5
Melbourne	1.5	7.4
Brisbane	2.9	10.2
Adelaide	1.7	6.1
Perth	2.1	32.1
Hobart	3.8	10.5
Darwin	2.8	15.0
Canberra	1.2	9.0

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

Established house prices, Quarterly % change - March quarter 2007

MARCH QTR KEY POINTS


ESTABLISHED HOUSE PRICES

Quarterly Changes

• Preliminary estimates show the price index for established houses in the capital cities of Australia increased 1.1% in the March quarter 2007 consistent with an increase of 1.1% in the December quarter 2006.
• House prices rose in Hobart (+3.8%), Brisbane (+2.9%), Darwin (+2.8%), Perth (+2.1%), Adelaide (+1.7%), Melbourne (+1.5%) and Canberra (+1.2%), and fell in Sydney (-0.4%).
• The movement in the established house price index between September and December quarters 2006 has been revised from the first estimate, an increase of 0.9%, to an increase of 1.1%.

• Over the twelve months to March quarter 2007, preliminary estimates show that established house prices rose 8.6%.
• Annually, house prices rose in Perth (+32.1%), Darwin (+15.0%), Hobart (+10.5%), Brisbane (+10.2%), Canberra (+9.0%), Melbourne (+7.4%), Adelaide (+6.1%), and Sydney (+1.5%).
• The movement in the established house price index between December quarters 2005 and 2006 has been revised from the first estimate, an increase of 8.3%, to an increase of 8.8%.

INQUIRIES

For further information about these and related statistics, contact Mark King on Canberra (02) 6252 5342 or the National Information and Referral Service on 1300 135 070.