QTPA Member Alert | ABS House Price Indexes: Eight Capital Cities, Jun 2012 (6/8/2012)
ABS House Price Indexes: Eight Capital Cities, Jun 2012
At last it seems to be trending positively, see the quarterly Established House Prices graph below. It is only a small turnaround but it is positive not negative like the past five quarters. House price increases should mean movement in building and construction.
JUNE 2012 KEY FIGURES
| Mar Qtr 12 to Jun Qtr 12 | Jun Qtr 11 to Jun Qtr 12 | ||
| Established house prices | % change | % change | |
| Weighted average of eight capital cities | 0.5 | -2.1 | |
| Sydney | 1.4 | -0.9 | |
| Melbourne | -0.4 | -4.8 | |
| Brisbane | 0.1 | -2.7 | |
| Adelaide | 0.5 | -1.3 | |
| Perth | 0.6 | 1.1 | |
| Hobart | -0.4 | -3.2 | |
| Darwin | 5.1 | 12.3 | |
| Canberra | -1.3 | -2.6 | |
Established house prices, Weighted average of eight capital cities – Quarterly % change | |||
ESTABLISHED HOUSE PRICES
Quarterly Changes
- Preliminary estimates show the price index for established houses for the weighted average of the eight capital cities rose 0.5% in the June quarter 2012.
- The capital city indexes rose in Sydney (+1.4%), Perth (+0.6%), Adelaide (+0.5%), Darwin (+5.1%) and Brisbane (+0.1%) and fell in Melbourne (-0.4%), Canberra (-1.3%) and Hobart (-0.4%).
Annual Changes (June Quarter 2011 to June Quarter 2012)
- Preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities fell 2.1% in the year to June quarter 2012.
- Annually, house prices fell in Melbourne (-4.8%), Hobart (-3.2%), Brisbane (-2.7%), Canberra (-2.6%), Adelaide (-1.3%) and Sydney (-0.9%) and rose in Darwin (+12.3%) and Perth (+1.1%).
Jim Vaughan
Chief Executive Officer
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