Median House Prices in Melbourne from 1994


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Using the Australian Bureau of Statistics report: “6416.0 House Price Indexes: Eight Capital Cities” as a base for Australian Median Property Price information, I have created the following chart using their “September Quarter Key Points” from each of the September reports issued from 1995 to 2010.

The report shows the annual percentage changes for each year, for the movement in Established House prices:

    Year Melbourne Australia
    1995 -0.3% 11.5%
    1996 2.6% 1.2%
    1997 8.5% 4.3%
    1998 12.4% 6.7%
    1999 13.4% 7.8%
    2000 4.5% 7.5%
    2001 30.3% 14.0%
    2002 10.7% 17.3%
    2003 11.6% 17.6%
    2004 1.8% 8.2%
    2005 1.4% 1.0%
    2006 7.5% 9.5%
    2007 17.8% 10.6%
    2008 8.1% 2.8%
    2009 8.4% 6.2%
    2010 18.8% 11.5%

If we were to set 1994 at an index of 100, the following years property price index results would be:

    Year Melbourne Australia
    1995 99.7 111.5
    1996 102.3 112.8
    1997 111.0 117.7
    1998 124.7 125.6
    1999 141.5 135.4
    2000 147.8 145.5
    2001 192.6 165.9
    2002 213.2 194.6
    2003 238.0 228.8
    2004 242.3 247.6
    2005 245.6 250.1
    2006 264.1 273.8
    2007 311.1 302.9
    2008 336.3 311.4
    2009 364.5 330.7
    2010 433.0 368.7
    Total change 333% 268.68%
    Average annual change 9.60% 8.50%
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