Preliminary estimates show the price index for established houses for the weighted average of the eight capital cities fell 1.1% in the March quarter 2012. The capital city indexes fell in Melbourne (-2.2%), Sydney (-1.8%), Adelaide (-0.9%) and Hobart (-2.7%) and rose in Perth (+1.1%), Brisbane (+0.4%), Canberra (+1.2%) and Darwin (+4.4%). Annual Changes (March Quarter 2011 to March Quarter 2012) Preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities fell 4.5% in the year to the March quarter 2012. Annually, house prices fell in Hobart (-6.7%), ... (full story)