Annual Changes (June quarter 2006 to June quarter 2007) “Over the twelve months to June quarter 2007, preliminary estimates show that established house prices rose 9.2%. Annually, house prices rose in Brisbane (+15.7%), Perth (+15.3%), Adelaide (+11.7%), Melbourne (+11.5%), Hobart (+9.7%), Canberra (+9.0%), Darwin (+7.4%), and Sydney (+3.0%). The movement in the established house price index between March quarters 2006 and 2007 has been revised from the first estimate, an increase of 8.6%, to an increase of 9.9%.”

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