Wednesday, October 20, 2010

Australia, Canada & Hong Kong Housing Statistics


Australia 


House price change (8 capital cities)
% change over a year earlier
Q1Q2Q3Q4
20104.223.10
2009-0.804.284.425.49
20080.69-0.84-2.62-1.34
20071.144.253.744.25
20061.253.512.751.88
2005-0.390.59-0.202.26
% change over a quarter













Source: Australian Bureau of Statistics

Australia.
There are two sources of house price time-series for Australia - the Australian Bureau of Statistics (ABS) and the Real Estate Institute of Australia (REIA). The ABS releases quarterly average prices of established houses in the eight capital cities, while the REIA publishes median prices through their media press releases. The two agencies update prices quarterly.

House price index, average of 8 capital cities (2003-2004=100)















Canada 



House price change
% change over a year earlier
Q1Q2Q3Q4
20100.900.70
2009-1.44-1.260.280.97
20081.110.250.13-0.59
20071.002.152.070.82
20062.263.423.671.41
20050.881.491.311.79
% change over a quarter













Source: Canadian Mortgage and Housing Corporation
Canada.
Statistics Canada has monthly house price time-series based on contractors' selling prices of new residential houses in 21 metropolitan areas. This time-series is available from 1981.

New housing price index (1997=100)













Hong Kong 



House price change
% change over a year earlier
Q1Q2Q3Q4
20105.943.88
20090.228.358.624.56
200810.820.70-2.11-12.9
20073.503.833.768.50
20061.541.91-0.530.61
20057.865.37-1.00-3.66
% change over a quarter

Source: Ratings and Valuation Department
Hong-Kong.
There are two major sources of house price time-series in Hong Kong - the Ratings and Valuation Department (RVD) and Hong Kong University (HKU). The RVD base their series on transactions coursed through the institution for stamp duty purposes. RVD data are regularly updated. Hong Kong University has recently released its Real Estate Index Series,based on actual transactions of completed private residential properties registered with the Land Registry of the Hong Kong SAR Government.

Average transaction price of houses (in HUF per sq. m.)



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