The Australian Bureau of Statistics has been hard at work. Here are the December 2011 charts of Price Changes and Index Price.
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| Australia, Sydney, Melbourne, Brisbane, Adelaide, Perth, House Price Index Chart |
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| Australia, Sydney, Melbourne, Brisbane, Adelaide, Perth, House Price Change Graph |
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The change chart, partly due to old data adjustments at the ABS (there were quite a few) shows a return to a nosedive in the change in prices for Melbourne and Adelaide. Perth appears to be trying to stabilize at a moderate decline of -5% year over year. Based on these latest numbers, Sydney is no longer a bulwark against the coming reckoning.
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