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QTPA Member Alert | ABS House Price Indexes: Eight Capital Cities, Dec 2012 (6/2/2013)

ABS House Price Indexes: Eight Capital Cities, Dec 2012 

Some more positive trends for the Turf Industry.

DECEMBER 2012 KEY FIGURES

Sep Qtr 12 to Dec Qtr 12 Dec Qtr 11 to Dec Qtr 12
Established house prices % change% change

Weighted average of eight capital cities 1.6 2.1
Sydney2.34.2
Melbourne0.7-0.2
Brisbane0.70.7
Adelaide0.8-0.4
Perth2.95.6
Hobart-1.4-6.1
Darwin2.610.1
Canberra2.10.3

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 rose 1.6% in the December quarter 2012.
  • The capital city indexes rose in Sydney (+2.3%), Perth (+2.9%), Melbourne (+0.7%), Brisbane (+0.7%), Adelaide (+0.8%), Canberra (+2.1%) and Darwin (+2.6%) and fell in Hobart (-1.4%).

Annual Changes (December Quarter 2011 to December Quarter 2012)

  • Preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities rose 2.1% in the year to the December quarter 2012.
  • Annually, house prices rose in Darwin (+10.1%), Perth (+5.6%), Sydney (+4.2%), Brisbane (+0.7%) and Canberra (+0.3%) and fell in Hobart (-6.1%), Adelaide (-0.4%) and Melbourne (-0.2%).

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