6416.0 - House Price Indexes: Eight Capital Cities, Sep 2013 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 04/11/2013   
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SEPTEMBER KEY FIGURES

Jun Qtr 13 to Sep Qtr 13
Sep Qtr 12 to Sep Qtr 13
Established house prices
% change
% change
Weighted average of eight capital cities
1.9
7.6
Sydney
3.6
11.4
Melbourne
1.9
6.8
Brisbane
1.2
4.1
Adelaide
-0.6
1.0
Perth
0.2
8.6
Hobart
1.4
1.1
Darwin
0.4
6.0
Canberra
-1.2
0.6

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 - September quarter 2013
Graph: Established house prices, Quarterly % change—September quarter 2013




SEPTEMBER KEY POINTS


ESTABLISHED HOUSE PRICES

Quarterly Changes
  • Preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities rose 1.9% in the September quarter 2013.
  • The capital city indexes rose in Sydney (+3.6%), Melbourne (+1.9%), Brisbane (+1.2%), Perth (+0.2%), Hobart (+1.4%) and Darwin (+0.4%) and fell in Canberra (-1.2%) and Adelaide (-0.6%).


Annual Changes (September Quarter 2012 to September Quarter 2013)
  • Preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities rose 7.6% through the year to the September quarter 2013.
  • Annually, house prices rose in Sydney (+11.4%), Perth (+8.6%), Melbourne (+6.8%), Darwin (+6.0%), Brisbane (+4.1%), Hobart (+1.1%), Adelaide (+1.0%) and Canberra (+0.6%).


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2013 11 February 2014
March 2014 13 May 2014
June 2014 12 August 2014
September 2014 11 November 2014



REVISIONS

Estimates for the two most recent quarters of the HPI series are preliminary and subject to revision (see paragraphs 15 to 19 of the Explanatory Notes).


CHANGES IN THIS ISSUE

Residential Property Price Indexes and Attached Dwellings Price Indexes for the period June quarter 2011 to the September quarter 2013 are provided in the Appendix of this issue. It is an update of the table provided in Appendix 1 of the Information Paper: Forthcoming changes to House Price Indexes: Eight Capital Cities (cat. no. 6416.0.55.002). These indexes will be presented as standard tables in this publication from the December quarter 2013.


CHANGES IN FUTURE ISSUES

From the December quarter 2013, a number of changes to the content and format of this publication will be made. To reflect the change in content, this publication will be known as Residential Property Price Indexes: Eight Capital Cities. The catalogue number (6416.0) will remain the same. Details about these changes are available in the Information Paper: Forthcoming changes to House Price Indexes: Eight Capital Cities (cat. no. 6416.0.55.002) which was released on 24 September 2013.

In summary:
    • the current geography will be updated to align with the Australian Statistical Geography Standard (ASGS);
    • the weights and the variables used to stratify the index will be updated using data from the 2011 Census;
    • all index numbers will be calculated on a new index reference period of 2011-12=100;
    • an Attached Dwellings Price Index and an aggregated Residential Property Price Index will be published in addition to the existing House Price Index;
    • a measure for the total value of the dwelling stock has been developed and will be available.

In addition to the changes listed above the Information Paper also describes in detail other changes to outputs in future issues of this publication including:
    • change in timing of release;
    • changes to key figures on the front page;
    • discontinuing the publication of selected price indexes;
    • changes in terminology; and
    • changes to published tables and the time series spreadsheets.

Sample publication tables and a concordance table of new and old series IDs for spreadsheet tables are provided in the Information Paper.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Neel Tikaram on Sydney (02) 9268 4792.