House Prices Mostly Flat, Unless You Live In Canberra Or Perth

The latest statistics on housing price changes in Australia suggest there's not much changing. The only shifts above 1 per cent in the last quarter were in Perth, which went up 1.8 per cent, and Canberra, which fell 1.1 per cent, according to figures from the Australian Bureau of Statistics (ABS).

Picture by Kim

Here are the quarter-on-quarter and year-on-year changes across the eight capitals:

  Jun-Sep Qtr 12 Sep 11-Sep 12
Established house prices % change % change
Capital city average 0.3 0.3
Sydney 0.3 1.3
Melbourne 0.2 -2.3
Brisbane 0.4 0.3
Adelaide -0.6 -1.1
Perth 1.8 4.4
Hobart 0.2 -2.2
Darwin -0.5 8.2
Canberra -1.1 0.4

The lesson? If you've purchased a house in the last few years, don't think about selling just yet.

ABS

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Comments

    Canberra is flatter than Sydney. Darwin is the mover.

      The relevant statistic is quarterly change, where Canberra and Perth were the only suburbs with changes over 1%. :)

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