Australian House Price Declines Relative to Peak

Track the bubble deflating for Australia's Major Cities.
CityPeak QuarterPeak IndexCurrent IndexDecline from Peak
MelbourneJun 2010177.2
(ABS)
162.7
(Mar 2012)
8.2%
SydneyJun 2010117.3
(ABS)
111
(Mar 2012)
5.37%
PerthMar 2010208.7
(ABS)
197.2
(Mar 2012)
5.5%
BrisbaneJun 2010154.3
(ABS)
143.6
(Mar 2012)
6.9%
AdelaideDec 2010163.3
(ABS)
154.5
(Mar 2012)
5.4%


The data published below were discontinued. (This has been an issue in Canada as well, as soon as the downturn appeared to be taking hold, the data minders decided a new index was suddenly in order.

CityPeak MonthPeak PriceCurrent PriceDecline from Peak
MelbourneDec 2010$505,000
(RPDATA)
$462,000
(Dec 2011)
8.42% - $42,500
SydneyDec 2010$525,000
(RPDATA)
$485,000
(Dec 2011)
7.62% - $40,000
PerthApr 2010$475,000
(RPDATA)
$450,000
(Dec 2011)
5.26% - $25,000
BrisbaneMay 2010$445,000
(RPDATA)
$420,000
(Dec 2011)
5.26% - $25,000
AdelaideJan 2011$392,000
(RPDATA)
$370,000
(Dec 2011)
5.61% - $22,000
(I really don't mean to diss Darwin, but the data are un-usably noisy.)


Great chart from RP Data Blog

This is a great chart to show to those who say, "it won't be a bloodbath like the U.S." Well, what line is Australia tracking exactly?