Monday, May 2, 2011

Australia Capital Cities House Prices Down 1.7%

Australian Bureau of Statistics Report

Dec Qtr 10 to Mar Qtr 11

Mar Qtr 10 to Mar Qtr 11

Established house prices

% change

% change

Weighted average of eight capital cities

-1.7

-0.2

Sydney

-1.8

0.8

Melbourne

-2.5

1.1

Brisbane

-2.5

-3.6

Adelaide

-1.0

0.9

Perth

0.5

-3.2

Hobart

0.4

0.6

Darwin

-1.0

0.5

Canberra

-0.4

1.1

2 comments:

Hazu Chan said...

Sydney down. That's a bearish signal if there ever was one.

jesse said...

Sydney is in winter right now. When is peak selling season in Australia? (I don't know -- I'm from Canada.)