Here are the ABS results for June Qtr house prices. All capitals fell slightly, except Sydney and Canberra, which eeked out small gains.
JUNE KEY POINTS
ESTABLISHED HOUSE PRICES
- Preliminary estimates show the price index for established houses for the weighted average of the eight capital cities decreased 0.1% in the June quarter 2011.
- The capital city indexes decreased in Perth (-1.0%), Adelaide (-0.8%), Brisbane (-0.3%), Melbourne (-0.1%), Darwin (-1.6%), and Hobart (-0.1%) and increased in Sydney (+0.4%) and Canberra (+1.1%).
Annual Changes (June Quarter 2010 to June Quarter 2011)
- Preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities decreased 1.9% in the year to June quarter 2011.
- Annually, house prices decreased in Perth (-4.1%), Brisbane (-3.6%), Darwin (-3.0%), Adelaide (-2.1%), Melbourne (-2.0%), and Sydney (-0.7%), and increased in Hobart (+2.8%) and Canberra (+2.2%)
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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