Preliminary estimates show the price index for established houses for the weighted average of the eight capital cities decreased –0.3% in the June quarter 2008. ! The capital city indexes rose in Darwin (+1.9%), Brisbane (+0.6%), Adelaide (+0.4%) and Sydney (+0.3%), and fell in Perth (–2.4%), Hobart (–2.0%), Canberra (–1.4%) and Melbourne (–0.3%). ! The movement in the preliminary established house price index between December quarter 2007 and March quarter 2008 has been revised from an estimated increase of 1.1% to an increase of 0.4%.

Download: HousePriceIndexesABSJune2008.pdf