HOUSE PRICE INDEXES
- After five consecutive quarters of decrease, the established homes price index for Western Australia rebounded in June 2009, showing a quarterly increase of 2.7%. The weighted average index for the eight Australian capital cities also turned around, with a 1.5% increase.
- The project homes index showed a very slight increase in the June quarter (up 0.1%) after a decrease (-0.4%) in the previous quarter.
3 House Price Indexes(a) - Perth |
|
 | | ESTABLISHED HOMES(b) | Change from previous quarter(b) | PROJECT HOMES | Change from previous quarter |
| Reference period | index | % | index | % |
|
| 2008 | | | | |
| June | r190.8 | r-2.3 | 150.0 | 0.8 |
| 2009 | | | | |
| March | p178.8 | p-2.0 | 153.4 | -0.4 |
| June | p183.7 | p2.7 | 153.6 | 0.1 |
|
| 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. |
- In June 2009, the established home price index for Perth was 3.7% lower than in June 2008, following a March 2008 to March 2009 decrease of 8.4%, the largest annual decrease in the index's six year history.
- Despite a slight decline in the March quarter, the price index of project homes in June 2009 was 2.4% higher than in June 2008.
To view Excel spreadsheet:
House Price Indexes
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