HOUSE PRICE INDEXES
- Preliminary estimates show that the established homes price index for Perth fell for the fifth consecutive quarter, with a decrease of 3.6% in March 2009. This is the largest quarterly decrease since the series began in March 2002. By comparison, the price index for established homes across the eight capital cities (weighted average) decreased by 2.2% in the March 2009 quarter.
- In the same quarter, the price index for project homes in Perth decreased 0.4%, the first decrease since March 2001.The weighted average price index for project homes across the eight capital cities showed a similar fall (0.5%).
3 House Price Indexes(a) - Perth |
|
 | | ESTABLISHED
HOMES(b) | Change from
previous period(b) | PROJECT
HOMES | Change from
previous period |
| Reference period | index | % | index | % |
|
| 2006-2007 | 192.8 | 32.3 | 144.1 | 10.6 |
| 2007-2008 | r194.8 | r1.1 | 148.7 | 3.2 |
| 2007 | | | | |
| December | 197.6 | 1.1 | 148.3 | 0.5 |
| 2008 | | | | |
| March | 195.3 | -1.2 | 148.8 | 0.3 |
| June | r190.8 | r-2.3 | 150.0 | 0.8 |
| September | 186.6 | -2.2 | 152.5 | 1.7 |
| December | p182.0 | p-2.5 | 154.0 | 1.0 |
| 2009 | | | | |
| March | p175.5 | p-3.6 | 153.4 | -0.4 |
|
| p preliminary figure or series subject to revision |
| r revised |
| (a) Base of each index 2003-04 = 100.0. |
| (b) Estimates for the two most recent quarters are experimental (see paragraph 12 and 13 of the Explanatory Notes in the source publication). |
| Source: House Price Indexes, Eight Capital Cities, cat. no. 6416.0. |
To view Excel spreadsheet:
House Price Indexes
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