House price index

Today the ABS released the latest House Price Index (HPI) data (for the September Quarter). Let's start with the national growth charts for established and project homes.

And on to the capital cities.

If we consider established house prices in the next chart: Although the slump minima in growth in 2011-12 was similar to that for the 2008-09 global financial crisis (GFC); the slope of the current exit trajectory is much shallower than the exit from the GFC.

And the actual indices.

Today's release also included capital city price and volume data to March 2012.