APRIL 2017
Cordell Building Indices Cordell Housing Index Price (CHIPS)
www.corelogic.com.au/cordell
Contents Introduction to the Cordell Building Indices
3
Key Components
3
Cordell Housing Index Price
4
Calculating Cost Movements with CHIP
5
NSW CHIP vs NSW CPI
6
VIC CHIP vs VIC CPI
9
QLD CHIP vs QLD CPI
12
SA CHIP vs SA CPI
15
WA CHIP vs WA CPI
18
National CHIP vs National CPI
21
2 | Cordell Housing Index Prices April 2017
Introduction to Cordell Building Indices The Cordell Building Indices (CBI) are a series of construction industry index figures that are used to monitor the movement in costs associated with building work within particular segments of the industry. The CBI indicate the rate of change in prices within particular segments of the Australian construction industry. The changes in prices are measured daily through the use of detailed cost surveys, and are reported on a quarterly basis. This ensures the most current and comprehensive industry information available. Each index is based on a combination of labour, material, plant hire and subcontract services required to construct buildings within the particular segment being measured. The CBI measure the change in the cost of constructing buildings, and as such do not provide the actual costs.
Key Components The indices are based on a comprehensive collection of labour, material, plant hire and subcontract costs covering all major trade categories within the segment being measured. Each of the trade categories contains labour, material and plant hire costs combined in typical proportions required to construct the various types of buildings commonly found within each segment.
Cordell Housing Index Prices April 2017 | 3
Cordell Housing Price Index The Cordell Housing Index Price (CHIP) measures the rate of change of construction costs within the residential market and covers freestanding and semi-detached single and two storey dwelling homes.
The key categories within the CHIP index include: Preliminaries
Excavation and Concrete Work
Brickwork
Carpentry and Joinery
Roofing Insulation and Roof Plumbing
Windows and Glazing
Doors and Hardware
Plastering
Painting and Tiling
Plumbing and Drainage
Electrical Services
Sundry Appliances
CHIP Trade Breakup
%
12 %
10
Preliminaries
7%
Brickwork
3%
%
9
Roofing Insulation and Roof Plumbing Doors and Hardware Painting and Tiling
%
10 %
Electrical Services and Sundry Appliances
3%
22
Excavation and Concrete Work
8
%
3
%
13 %
4 | Cordell Housing Index Prices April 2017
Carpentry and Joinery Windows and Glazing Plastering Plumbing and Drainage
Calculating Cost Movements with CHIP The CBI are important indicators of cost trends within the construction industry. Movements in the index represent changes from the base index of 100, assigned to the March 1990 quarter. Hence an index point of 114 represents a 14% increase since the base date. Calculating a movement between 2 dates involves following the calculation formula below. 1.
Deduct the index of the first date from the index of the second date:
March 2005
=
September 2004
=
169.4
- 162.7 / 6.7
2. Multiply the difference by 100, then divide by the index of the first date:
=
6.7 x 100 / 162.7
= 4.1% 3. This therefore represents a 4.1% increase in costs over the specified period.
Cordell Connect • Data and insights about construction and developments in your area. • Contact details of Key Players. • Use to connect with developers and be the first to win the listing.
Call: 1800 941 141 marketing@cordell.com.au www.cordell.com.au
Cordell Housing Index Prices April 2017 | 5
-2.0
6 | Cordell Housing Index Prices April 2017
Quarters
Mar-17
Mar-16
Mar-15
Mar-14
Mar-13
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
Mar-07
Mar-06
Mar-05
Mar-04
Mar-03
Mar-02
Mar-01
Mar-00
Mar-99
Mar-98
Mar-97
Mar-96
Mar-17
Mar-16
Mar-15
Mar-14
Mar-13
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
Mar-07
Mar-06
Mar-05
Mar-04
Mar-03
Mar-02
Mar-01
Mar-00
Mar-99
Mar-98
Mar-97
Mar-96
Mar-95
Mar-94
Mar-93
Mar-92
Mar-91
Index CHIP NSW
Mar-95
CHIP NSW
Mar-94
Mar-93
Mar-92
Mar-90
90.0
Mar-91
Mar-90
% Change
New South Wales
CHIP/CPI
CPI NSW
270.0
250.0
230.0
210.0
190.0
170.0
150.0
130.0
110.0
Quarters
% COST CHANGE - NSW
CPI NSW
12.0
10.0
8.0
6.0
4.0
2.0
0.0
NSW CHIP & Consumer Price Index (CPI) figures
Year
Months
1990
Mar
1991
1992
1993
1994
1995
1996
1997
NSW CHIP
NSW CPI
Year
Months
NSW CHIP
NSW CPI
% Chg.
Index
% Chg.
0
100.0
1998
Mar
% Chg.
Index
% Chg.
Index
-0.1
117.1
0.5
120.7
Jun
2.2
102.2
1.6
Sep
2.0
104.2
0.6
102.5 103.1
Jun
1.7
119.1
0.6
121.4
Sep
2.0
121.4
0.4
121.9
Dec
0.8
105.0
2.3
105.5
Mar
1.0
106.0
0.2
105.7
Dec
0.0
121.4
0.4
122.4
Mar
0.8
122.4
0.2
122.6
Jun
0.9
107.0
-0.3
105.4
Jun
0.1
122.6
0.3
123.0
Sep
0.5
107.5
Dec
0.2
107.7
0.6
106.0
Sep
2.6
125.8
0.9
124.1
1.0
107.1
Dec
0.0
125.8
0.5
124.7
Mar
0.0
Jun
0.0
107.7
-0.1
107.0
Mar
1.7
127.9
0.9
125.8
107.7
-0.5
106.5
Jun
0.1
128.1
1.0
127.0
Sep Dec
0.3
108.0
0.4
106.9
Sep
10.4
141.5
3.6
131.6
0.0
108.0
0.5
107.4
Dec
-0.1
141.3
0.5
132.2
Mar
0.0
108.0
0.7
108.2
Mar
-0.8
140.1
1.4
134.0
Jun
0.0
108.0
0.2
108.4
Jun
0.5
140.8
0.7
135.0
Sep
1.1
109.2
0.3
108.7
Sep
0.6
141.6
0.3
135.4
Dec
0.0
109.2
0.1
108.8
Dec
0.2
142.0
0.9
136.6
Mar
0.2
109.4
0.3
109.1
Mar
0.1
142.1
1.0
137.9
Jun
0.0
109.4
0.8
110.0
Jun
1.6
144.5
0.7
138.8
Sep
0.6
110.0
0.9
111.0
Sep
0.7
145.5
0.6
139.6
Dec
-0.2
109.9
0.7
111.8
Dec
1.6
147.8
0.6
140.4
Mar
2.4
112.5
1.7
113.7
Mar
1.1
149.5
1.2
142.1
Jun
-0.4
112.0
1.5
115.4
Jun
1.3
151.5
0.1
142.2
Sep
0.4
112.5
1.6
117.3
Sep
1.1
153.2
0.1
142.4
Dec
1.0
113.7
0.9
118.3
Dec
1.2
155.0
0.8
143.6
Mar
-0.7
112.9
0.7
119.1
Mar
1.0
156.5
1.0
145.0
Jun
0.1
113.0
0.7
119.9
Jun
2.5
160.4
0.3
145.5
Sep
0.1
113.2
0.3
120.2
Sep
1.5
162.7
0.5
146.2
Dec
0.4
113.7
0.2
120.4
Dec
2.6
166.9
0.8
147.3
Mar
1.6
115.6
0.2
120.6
Mar
1.5
169.4
0.6
148.2
Jun
0.3
115.9
-0.3
120.2
Jun
1.5
171.9
0.5
149.0
Sep
0.6
116.6
-0.3
119.8
Sep
0.2
172.2
1.0
150.5
Dec
0.6
117.2
0.3
120.1
Dec
0.9
173.7
0.3
151.0
Index 100.9
1999
2000
2001
2002
2003
2004
2005
Cordell Housing Index Prices April 2017 | 7
NSW CHIP & Consumer Price Index (CPI) figures continued
Year
Months
2006
Mar
2007
2008
2009
2010
2011
NSW CHIP
NSW CPI
% Chg.
Index
% Chg.
Index
0.5
174.6
0.8
152.2
Year
Months
2012
Mar
NSW CHIP
NSW CPI
% Chg.
Index
% Chg.
Index
1.6
217.7
0.1
178.8
Jun
0.5
175.4
1.6
154.7
Jun
1.6
221.2
0.6
179.9
Sep
1.1
177.4
0.9
156.1
Sep
1.7
225.0
1.7
183.0
Dec
1.0
179.1
-0.2
155.8
Dec
1.1
227.4
0.1
183.1
Mar
-0.6
178.0
-0.1
155.6
Mar
0.7
229.0
0.4
183.9
Jun
1.5
180.7
1.2
157.4
Jun
0.4
230.0
0.4
184.6
Sep
0.5
181.7
0.4
158.1
Sep
1.7
233.9
1.2
186.8
Dec
1.5
184.4
0.9
159.5
Dec
1.0
236.3
0.7
188.1
Mar
1.3
186.8
1.4
161.7
Mar
0.4
237.2
0.6
189.2
Jun
1.0
188.6
1.5
164.1
Jun
1.1
239.7
0.4
189.9
Sep
0.8
190.1
1.1
165.9
Sep
1.2
242.6
0.6
191.0
Dec
1.6
193.0
-0.2
165.5
Dec
0.6
244.1
0.2
191.4
Mar
0.9
194.8
0.1
165.6
Mar
0.7
245.8
0.5
192.3
Jun
2.4
199.5
0.4
166.3
Jun
0.5
247.0
0.9
194.0
Sep
0.5
200.5
1.1
168.1
Sep
0.7
248.7
0.3
194.6
Dec
0.8
202.0
0.6
169.1
Dec
1.0
251.2
0.3
195.2
Mar
0.5
203.1
0.8
170.5
Mar
0.4
252.2
-0.2
194.8
Jun
1.0
205.1
0.4
171.1
Jun
0.9
254.5
0.6
195.9
Sep
0.8
206.7
0.8
172.5
Sep
1.4
258.1
1.0
197.8
Dec
0.7
208.2
0.3
173.1
Dec
1.1
260.9
0.50
198.7
Mar
0.6
209.4
1.6
175.9
March
0.9
263.3
0.40
199.5
Jun
1.4
212.3
1.0
177.6
Sep
0.4
213.1
0.7
178.8
Dec
0.5
214.3
-0.1
178.7
8 | Cordell Housing Index Prices April 2017
2013
2014
2015
2016
2017
-2.0
Mar-17
Mar-16
Mar-15
Mar-14
Mar-13
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
Mar-07
Mar-06
Mar-05
Mar-04
Mar-03
Mar-02
Mar-01
Mar-00
Mar-99
Mar-98
Mar-97
Mar-96
CHIP VIC
Mar-95
Mar-17
Mar-16
Mar-15
Mar-14
Mar-13
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
Mar-07
Mar-06
Mar-05
Mar-04
Mar-03
Mar-02
Mar-01
Mar-00
Mar-99
Mar-98
Mar-97
Mar-96
Mar-95
Mar-94
Mar-93
Mar-92
Mar-91
Index CHIP VIC
Mar-94
Mar-93
Mar-92
Mar-90
90.0
Mar-91
Mar-90
% Change
Victoria
CHIP/CPI
CPI VIC
270.0
250.0
230.0
210.0
190.0
170.0
150.0
130.0
110.0
Quarters
% COST CHANGE - VIC
CPI VIC
12.0
10.0
8.0
6.0
4.0
2.0
0.0
Quarters
Cordell Housing Index Prices April 2017 | 9
VIC CHIP & Consumer Price Index (CPI) figures
Year
Months
% Chg.
Index
% Chg.
Index
1990
Mar
0.0
100.0
0.0
100.7
Jun
0.8
100.8
2.0
Sep
0.8
101.6
0.8
Dec
0.8
102.5
3.0
106.6
Mar
0.8
103.3
-0.5
106.1
Jun
0.5
103.8
0.7
Sep
1.1
104.9
Dec
0.0
104.9
Mar
0.0
Jun
2.5
Sep Dec
1991
1992
1993
1994
1995
1996
1997
VIC CHIP
VIC CPI
Year
Months
% Chg.
Index
% Chg.
Index
1998
Mar
0.3
109.2
-0.2
119.6
102.7
Jun
1.4
110.7
0.6
120.3
103.5
Sep
-0.6
110.0
0.1
120.4
Dec
-0.1
109.9
0.3
120.8
Mar
1.0
111.0
0.2
121.0
106.8
Jun
-0.4
110.5
0.4
121.5
0.7
107.6
Sep
0.3
110.9
1.0
122.7
0.7
108.4
Dec
0.7
111.7
0.7
123.5
104.9
-0.1
108.3
Mar
1.6
113.5
1.0
124.7
107.6
-0.1
108.2
Jun
10.1
125.0
0.7
125.6
0.0
107.6
-0.3
107.9
Sep
0.7
125.8
3.8
130.4
0.0
107.6
0.3
108.2
Dec
-0.1
125.7
0.3
130.8
Mar
0.6
108.2
1.2
109.5
Mar
0.0
125.7
1.1
132.2
Jun
0.9
109.2
0.5
110.1
Jun
-0.4
125.2
0.6
133.0
Sep
-0.8
108.4
0.4
110.5
Sep
1.2
126.6
0.5
133.6
Dec
-0.6
107.7
0.3
110.8
Dec
0.6
127.5
0.9
134.8
Mar
0.2
107.9
0.4
111.2
Mar
1.7
129.6
0.9
136.0
Jun
1.2
109.2
0.7
112.0
Jun
1.5
131.6
0.7
136.9
Sep
0.5
109.7
0.2
112.2
Sep
1.4
133.4
0.7
137.8
Dec
-1.9
107.6
0.8
113.1
Dec
1.2
135.0
0.9
139.0
Mar
0.5
108.1
1.7
115.0
Mar
0.5
135.7
1.4
140.9
Jun
0.6
108.7
1.0
116.2
Jun
1.8
138.2
0.0
140.9
Sep
-2.3
106.3
1.2
117.6
Sep
0.5
138.8
0.6
141.8
Dec
-0.3
105.9
0.8
118.5
Dec
1.3
140.6
0.2
142.1
Mar
-0.6
105.3
-0.2
118.3
Mar
0.9
141.9
1.0
143.5
Jun
0.2
105.4
0.8
119.2
Jun
1.9
144.6
0.3
143.9
Sep
-0.5
104.9
0.3
119.6
Sep
1.8
147.2
0.2
144.2
Dec
1.1
106.1
0.3
119.9
Dec
1.7
149.7
0.8
145.3
Mar
1.4
107.6
0.2
120.1
Mar
2.3
153.1
0.8
146.4
Jun
0.8
108.4
-0.2
119.9
Jun
1.1
154.8
0.3
146.9
Sep
0.3
108.7
-0.3
119.5
Sep
0.5
155.6
1.2
148.6
Dec
0.2
108.9
0.3
119.8
Dec
0.3
156.1
0.4
149.2
10 | Cordell Housing Index Prices April 2017
1999
2000
2001
2002
2003
2004
2005
VIC CHIP
VIC CPI
VIC CHIP & Consumer Price Index (CPI) figures continued
Year
Months
% Chg.
Index
% Chg.
Index
2006
Mar
0.6
157.1
0.9
150.5
Jun
0.8
158.4
1.4
Sep
0.8
159.7
0.7
Dec
0.7
160.8
-0.1
153.5
Mar
-0.1
160.6
0.2
153.8
Jun
0.9
162.0
1.2
Sep
2.3
165.7
Dec
0.7
166.9
Mar
1.0
Jun
2.3
Sep Dec
2007
2008
2009
2010
2011
VIC CHIP
VIC CPI
Year
Months
% Chg.
Index
% Chg.
Index
2012
Mar
1.6
204.4
0.0
176.8
152.6
Jun
2.5
209.6
0.5
177.7
153.7
Sep
1.9
213.5
1.8
180.9
Dec
1.7
217.2
0.7
182.2
Mar
1.3
220.0
0.4
182.9
155.6
Jun
1.4
223.2
0.2
183.2
0.8
156.9
Sep
1.7
227.0
1.4
185.8
1.0
158.5
Dec
0.2
227.5
0.8
187.2
168.6
1.3
160.6
Mar
0.3
228.1
0.5
188.2
172.4
1.2
162.5
Jun
1.0
230.4
0.6
189.2
0.9
174.0
1.2
164.4
Sep
1.6
234.1
0.2
189.6
2.3
178.0
-0.5
163.5
Dec
1.0
236.4
0.2
190.0
Mar
1.7
181.0
0.2
163.9
Mar
0.9
238.5
0.1
190.1
Jul
1.2
183.1
0.3
164.4
Jun
0.4
239.5
0.7
191.4
Sep
1.1
185.2
0.6
165.4
Sep
1.1
242.1
0.5
192.3
Dec
1.0
187.1
0.6
166.4
Dec
1.0
244.5
0.7
193.6
Mar
0.2
187.5
1.3
168.5
Mar
0.6
246.0
-0.1
193.4
Jun
1.0
189.4
0.6
169.5
Jun
0.6
247.5
0.4
194.2
Sep
0.9
191.2
0.6
170.5
Sep
0.8
249.5
0.5
195.1
Dec
1.1
193.2
0.6
171.5
Dec
0.6
250.9
0.7
196.5
Mar
0.9
195.0
1.7
174.4
Mar
1.1
253.7
0.9
198.3
Jun
1.7
198.3
0.7
175.6
Sep
0.7
199.6
0.6
176.7
Dec
0.8
201.3
0.1
176.8
2013
2014
2015
2016
2017
VIC CHIP
VIC CPI
Cordell Housing Index Prices April 2017 | 11
-2.0
12 | Cordell Housing Index Prices April 2017
Quarters
Mar-17
Mar-16
Mar-15
Mar-14
Mar-13
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
Mar-07
Mar-06
Mar-05
Mar-04
Mar-03
Mar-02
Mar-01
Mar-00
Mar-99
Mar-98
Mar-97
Mar-96
CHIP QLD
Mar-95
Mar-17
Mar-16
Mar-15
Mar-14
Mar-13
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
Mar-07
Mar-06
Mar-05
Mar-04
Mar-03
Mar-02
Mar-01
Mar-00
Mar-99
Mar-98
Mar-97
Mar-96
Mar-95
Mar-94
Mar-93
Mar-92
Mar-91
Index CHIP QLD
Mar-94
Mar-93
Mar-92
Mar-90
90.0
Mar-91
Mar-90
% Change
Queensland
CHIP/CPI
CPI QLD
290.0
270.0
250.0
230.0
210.0
190.0
170.0
150.0
130.0
110.0
Quadrant
% COST CHANGE - QLD
CPI QLD
12.0
10.0
8.0
6.0
4.0
2.0
0.0
QLD CHIP & Consumer Price Index (CPI) figures
Year
Months
% Chg.
Index
% Chg.
Index
1990
Mar
0.0
100.0
0.0
100.8
Jun
0.6
100.6
1.4
Sep
1.7
102.3
0.6
Dec
0.0
102.3
2.5
105.4
Mar
1.5
103.9
0.3
105.7
Jun
0.0
103.9
0.0
Sep
0.0
103.9
Dec
0.4
104.3
Mar
0.7
Jun
1.3
Sep Dec
1991
1992
1993
1994
1995
1996
1997
QLD CHIP
QLD CPI
Year
Months
% Chg.
Index
% Chg.
Index
1998
Mar
0.0
114.9
0.4
121.9
102.2
Jun
0.2
115.1
0.3
122.3
102.8
Sep
0.8
116.0
0.2
122.5
Dec
0.0
116.0
0.4
123.0
Mar
0.8
117.0
-0.2
122.8
105.7
Jun
-0.8
116.1
0.2
123.1
0.4
106.1
Sep
1.1
117.3
0.7
124.0
1.1
107.3
Dec
0.2
117.5
0.1
124.1
105.1
0.2
107.5
Mar
2.9
120.9
1.1
125.5
106.4
-0.5
107.0
Jun
2.5
124.0
0.7
126.4
1.2
107.7
-0.1
106.9
Sep
9.3
135.5
3.9
131.3
1.4
109.3
1.1
108.1
Dec
-0.4
134.9
0.2
131.6
Mar
1.2
110.6
0.9
109.1
Mar
-0.1
134.7
0.8
132.7
Jun
1.0
111.7
0.5
109.7
Jun
0.7
135.6
1.0
134.0
Sep
-0.5
111.1
0.2
109.9
Sep
1.9
138.2
0.1
134.2
Dec
0.7
111.9
0.3
110.2
Dec
0.5
138.9
1.2
135.8
Mar
-0.8
111.0
0.5
110.8
Mar
0.8
140.0
1.0
137.1
Jun
0.8
111.9
0.6
111.5
Jun
1.4
141.9
0.7
138.1
Sep
1.7
113.9
0.9
112.5
Sep
1.6
144.3
0.8
139.2
Dec
-1.7
112.0
1.1
113.7
Dec
1.1
145.9
0.5
139.9
Mar
0.5
112.5
1.8
115.8
Mar
1.4
147.9
1.4
141.8
Jun
1.5
114.2
0.9
116.9
Jun
2.1
150.9
0.0
141.8
Sep
-1.6
112.4
0.9
117.9
Sep
0.5
151.6
1.1
143.3
Dec
-0.2
112.2
0.6
118.6
Dec
2.1
154.9
0.6
144.2
Mar
-1.0
111.1
0.8
119.6
Mar
1.6
157.4
0.8
145.4
Jun
0.3
111.4
0.7
120.4
Jun
1.3
159.4
0.6
146.3
Sep
-0.5
110.9
0.2
120.6
Sep
1.1
161.2
0.3
146.8
Dec
0.3
111.2
0.2
120.8
Dec
1.0
162.8
0.8
148.0
Mar
0.2
111.5
0.6
121.5
Mar
1.2
164.7
0.8
149.2
Jun
1.0
112.6
-0.3
121.1
Jun
1.5
167.3
0.5
150.0
Sep
0.5
113.1
-0.3
120.7
Sep
0.3
167.8
0.6
150.9
Dec
1.5
114.9
0.6
121.4
Dec
0.6
168.9
0.8
152.1
1999
2000
2001
2002
2003
2004
2005
QLD CHIP
QLD CPI
Cordell Housing Index Prices April 2017 | 13
QLD CHIP & Consumer Price Index (CPI) figures continued
Year
Months
% Chg.
Index
% Chg.
Index
2006
Mar
1.8
171.9
0.9
153.5
Jun
0.9
173.6
1.8
Sep
0.7
174.8
0.8
Dec
0.7
175.9
-0.1
157.3
Mar
0.4
176.6
0.4
158.0
Jun
1.7
179.7
1.4
Sep
1.2
181.8
Dec
0.9
183.5
Mar
1.1
Jun
1.3
Sep Dec
2007
2008
2009
2010
2011
QLD CHIP
QLD CPI
Year
Months
% Chg.
Index
% Chg.
Index
2012
Mar
2.0
222.3
0.2
184.7
156.2
Jun
1.6
225.9
0.6
185.8
157.5
Sep
2.1
230.7
1.7
189.0
Dec
1.2
233.5
0.7
190.3
Mar
1.2
236.3
0.1
190.5
160.2
Jun
1.3
239.4
0.5
191.4
0.9
161.7
Sep
1.7
243.4
1.3
193.9
1.1
163.4
Dec
0.6
244.9
0.8
195.4
185.4
1.3
165.6
Mar
0.8
246.9
0.6
196.5
187.9
1.7
168.4
Jun
1.0
249.3
0.6
197.6
1.0
189.7
1.4
170.8
Sep
1.7
253.6
0.7
198.9
2.3
194.1
-0.2
170.4
Dec
1.2
256.6
0.2
199.3
Mar
1.7
197.5
0.2
170.8
Mar
1.2
259.7
0.0
199.3
Jun
1.0
199.4
0.6
171.8
Jun
0.7
261.5
0.7
200.6
Sep
0.8
201.1
1.3
174.1
Sep
1.2
264.6
0.7
201.9
Dec
0.7
202.4
0.3
174.7
Dec
1.5
268.6
0.4
202.7
Mar
0.4
203.1
0.7
176.0
Mar
1.0
271.3
0.0
202.7
Jun
0.4
203.9
0.7
177.3
Jun
0.7
273.2
0.46
203.6
Sep
0.9
205.8
1.0
179.1
Sep
1.3
276.8
0.64
204.9
Dec
1.0
207.8
0.5
180.0
Dec
0.7
278.7
0.5
205.9
Mar
0.9
209.8
1.3
182.3
Mar
0.7
280.7
0.3
206.5
Jun
2.1
214.2
1.0
184.1
Sep
0.9
216.2
0.3
184.7
Dec
0.8
217.9
-0.2
184.4
14 | Cordell Housing Index Prices April 2017
2013
2014
2015
2016
2017
QLD CHIP
QLD CPI
-2.0
Mar-17
Mar-16
Mar-15
Mar-14
Mar-13
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
Mar-07
Mar-06
Mar-05
Mar-04
Mar-03
Mar-02
Mar-01
Mar-00
Mar-99
Mar-98
Mar-97
Mar-96
CHIP SA
Mar-95
Mar-17
Mar-16
Mar-15
Mar-14
Mar-13
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
Mar-07
Mar-06
Mar-05
Mar-04
Mar-03
Mar-02
Mar-01
Mar-00
Mar-99
Mar-98
Mar-97
Mar-96
Mar-95
Mar-94
Mar-93
Mar-92
Mar-91
Index CHIP SA
Mar-94
Mar-93
Mar-92
Mar-90
90.00
Mar-91
Mar-90
% Change
South Australia
CHIP/CPI
CPI SA
270.00
250.00
230.00
210.00
190.00
170.00
150.00
130.00
110.00
Quarters
% COST CHANGE - SA
CPI SA
12.0
10.0
8.0
6.0
4.0
2.0
0.0
Quarters
Cordell Housing Index Prices April 2017 | 15
SA CHIP & Consumer Price Index (CPI) figures
Year
Months
% Chg.
Index
% Chg.
Index
1990
Mar
0.0
100.0
0.0
100.6
Jun
0.9
100.9
1.9
Sep
0.7
101.6
1.3
Dec
0.9
102.5
3.0
106.9
Mar
0.7
103.3
-0.2
106.7
Jun
0.9
104.2
0.6
Sep
2.4
106.7
Dec
0.5
107.2
Mar
1.5
Jun
0.0
Sep Dec
1991
1992
1993
1994
1995
1996
1997
SA CHIP
SA CPI
Year
Months
% Chg.
Index
% Chg.
Index
1998
Mar
0.2
109.8
0.4
121.7
102.5
Jun
0.3
110.1
0.6
122.4
103.8
Sep
1.3
111.6
0.5
123.0
Dec
-0.7
110.8
0.5
123.6
Mar
-0.4
110.3
-0.7
122.7
107.3
Jun
0.1
110.5
0.7
123.6
0.7
108.0
Sep
0.9
111.5
1.2
125.1
0.7
108.8
Dec
0.0
111.5
0.5
125.7
108.8
0.6
109.5
Mar
0.4
112.0
0.9
126.8
108.8
-0.1
109.4
Jun
0.3
112.3
0.6
127.6
-0.2
108.6
0.6
110.1
Sep
10.0
123.5
3.7
132.3
0.0
108.6
0.5
110.7
Dec
-0.4
123.0
0.2
132.5
Mar
0.0
108.6
0.8
111.6
Mar
0.7
123.8
1.2
134.1
Jun
0.5
109.2
0.6
112.3
Jun
-0.4
123.3
0.7
135.1
Sep
0.8
110.0
0.4
112.7
Sep
1.5
125.1
0.1
135.3
Dec
-0.7
109.3
0.1
112.8
Dec
0.4
125.6
1.0
136.6
Mar
-0.7
108.5
0.7
113.6
Mar
1.2
127.1
0.8
137.7
Jun
0.2
108.7
0.7
114.4
Jun
1.8
129.4
1.0
139.1
Sep
1.2
110.0
0.4
114.9
Sep
0.5
130.1
0.9
140.3
Dec
0.3
110.4
1.0
116.0
Dec
1.4
131.9
0.9
141.5
Mar
-1.8
108.4
1.6
117.8
Mar
0.4
132.4
2.2
144.6
Jun
0.5
109.0
0.8
118.8
Jun
1.4
134.2
-0.2
144.3
Sep
0.5
109.5
1.1
120.1
Sep
2.2
137.2
0.8
145.4
Dec
-2.3
107.0
0.8
121.1
Dec
1.4
139.2
0.6
146.2
Mar
-0.2
106.7
0.4
121.6
Mar
1.3
141.0
1.0
147.7
Jun
-0.7
106.0
0.3
122.0
Jun
1.9
143.6
0.6
148.6
Sep
0.2
106.2
0.2
122.2
Sep
1.7
146.1
0.3
149.0
Dec
-0.5
105.7
0.3
122.6
Dec
1.0
147.6
0.7
150.0
Mar
1.0
106.7
0.0
122.6
Mar
0.6
148.4
0.6
150.9
Jun
1.6
108.5
-0.6
121.9
Jun
1.6
150.7
0.6
151.8
Sep
0.7
109.2
-0.6
121.2
Sep
2.1
153.8
1.1
153.4
Dec
0.3
109.6
0.0
121.2
Dec
1.2
155.7
0.5
154.1
16 | Cordell Housing Index Prices April 2017
1999
2000
2001
2002
2003
2004
2005
SA CHIP
SA CPI
SA CHIP & Consumer Price Index (CPI) figures continued
Year
Months
2006
Mar
2007
2008
2009
2010
2011
SA CHIP
SA CPI
% Chg.
Index
1.9
158.6
% Chg. 1.0
Year
Months
% Chg.
Index
% Chg.
Index
2012
Mar
1.2
202.9
-0.1
183.3
Index 155.6
SA CHIP
SA CPI
Jun
1.2
160.6
1.3
157.6
Jun
2.5
208.0
0.3
183.9
Sep
1.7
163.4
1.1
159.3
Sep
3.1
214.4
2.0
187.6
Dec
1.4
165.6
-0.3
158.8
Dec
0.9
216.5
0.6
188.7
Mar
-0.05
165.5
-0.3
158.4
Mar
0.2
216.9
0.0
188.7
Jun
1.1
167.4
1.2
160.3
Jun
1.2
219.6
0.2
189.1
Sep
1.4
169.7
0.7
161.5
Sep
0.4
220.4
1.4
191.7
Dec
1.2
171.7
1.0
163.1
Dec
0.3
221.1
0.7
193.0
2013
2014
Mar
1.0
173.4
1.5
165.6
Mar
0.3
221.8
0.7
194.3
Jun
1.6
176.3
1.2
167.6
Jun
0.7
223.3
0.4
195.1
Sep
1.0
178.0
1.3
169.8
Sep
1.7
227.1
0.4
195.8
Dec
2.0
181.6
-0.3
169.3
Dec
0.6
228.5
0.3
196.4
Mar
0.8
183.1
0.0
169.3
Mar
1.1
231.0
0.1
196.5
Jun
0.9
184.7
0.6
170.3
Jun
0.6
232.4
0.5
197.5
Sep
1.7
187.9
1.1
172.1
Sep
1.1
234.9
0.3
198.0
Dec
0.6
189.0
0.3
172.7
Dec
1.2
237.7
0.2
198.4
Mar
0.4
189.8
0.6
173.7
Mar
1.0
240.1
-0.3
197.8
Jun
0.8
191.4
0.7
175.0
Jun
0.8
242.1
0.47
198.8
Sep
0.7
192.7
0.9
176.6
Sep
0.7
243.8
0.84
200.4
Dec
0.7
194.0
0.3
177.1
Dec
0.8
245.7
0.3
201.0
Mar
0.7
195.3
1.6
180.0
Mar
0.3
246.4
0.4
201.8
Jun
1.6
198.5
1.0
181.8
Sep
0.7
199.8
1.0
183.6
Dec
0.3
200.4
-0.1
183.5
2015
2016
2017
Cordell Housing Index Prices April 2017 | 17
-2.0
18 | Cordell Housing Index Prices April 2017
Quarters
Mar-17
Mar-16
Mar-15
Mar-14
Mar-13
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
Mar-07
Mar-06
Mar-05
Mar-04
Mar-03
Mar-02
Mar-01
Mar-00
Mar-99
Mar-98
Mar-97
Mar-96
CHIP WA
Mar-95
Mar-17
Mar-16
Mar-15
Mar-14
Mar-13
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
Mar-07
Mar-06
Mar-05
Mar-04
Mar-03
Mar-02
Mar-01
Mar-00
Mar-99
Mar-98
Mar-97
Mar-96
Mar-95
Mar-94
Mar-93
Mar-92
Mar-91
Index CHIP WA
Mar-94
Mar-93
Mar-92
Mar-90
90.0
Mar-91
Mar-90
% Change
Western Australia
CHIP/CPI
CPI WA
290.0
270.0
250.0
230.0
210.0
190.0
170.0
150.0
130.0
110.0
Quarters
% COST CHANGE - WA
CPI WA
12.0
10.0
8.0
6.0
4.0
2.0
0.0
WA CHIP & Consumer Price Index (CPI) figures
Year
Months
% Chg.
Index
% Chg.
Index
1990
Mar
0.0
100.0
0.0
101.2
Jun
1.4
101.4
1.7
Sep
1.7
103.2
0.8
Dec
0.8
104.0
2.4
106.2
Mar
1.1
105.2
-0.9
105.2
Jun
0.6
105.8
-0.1
Sep
0.0
105.8
Dec
0.2
106.0
Mar
0.0
Jun
0.2
Sep Dec
1991
1992
1993
1994
1995
1996
1997
WA CHIP
WA CPI
Year
Months
% Chg.
Index
% Chg.
Index
1998
Mar
0.0
108.7
0.3
118.0
102.9
Jun
1.4
110.2
0.8
118.9
103.7
Sep
0.0
110.2
0.6
119.6
Dec
1.2
111.6
0.5
120.2
Mar
0.2
111.8
-0.3
119.8
105.1
Jun
0.8
112.7
0.8
120.8
0.6
105.7
Sep
-1.7
110.7
0.9
121.9
0.4
106.1
Dec
-0.3
110.4
0.7
122.7
106.0
0.0
106.1
Mar
9.7
121.1
0.3
123.1
106.2
-0.5
105.6
Jun
0.6
121.9
0.7
124.0
0.0
106.2
-0.1
105.5
Sep
9.4
133.3
3.7
128.6
0.0
106.2
0.6
106.1
Dec
1.0
134.7
0.2
128.8
Mar
0.0
106.2
0.3
106.4
Mar
-1.8
132.3
0.6
129.6
Jun
0.7
107.0
0.4
106.8
Jun
-0.3
131.8
1.4
131.4
Sep
-2.4
104.4
1.0
107.9
Sep
-0.7
130.9
0.1
131.5
Dec
0.7
105.1
0.6
108.5
Dec
0.5
131.5
0.8
132.6
Mar
0.0
105.1
0.1
108.6
Mar
0.5
132.1
0.8
133.7
Jun
2.0
107.2
0.5
109.1
Jun
-0.1
132.0
0.7
134.6
Sep
-0.7
106.5
0.9
110.1
Sep
1.0
133.3
0.9
135.8
Dec
-0.9
105.5
0.8
111.0
Dec
1.4
135.1
0.4
136.4
Mar
1.5
107.2
1.8
113.0
Mar
1.3
137.0
0.7
137.4
Jun
-0.2
106.9
1.7
114.9
Jun
1.2
138.6
0.0
137.4
Sep
-0.2
106.7
0.6
115.6
Sep
1.0
140.0
0.9
138.6
Dec
-0.7
106.0
0.6
116.3
Dec
2.0
142.8
0.4
139.2
Mar
-0.6
105.4
0.7
117.1
Mar
0.9
144.2
0.3
139.6
Jun
0.6
106.0
0.7
117.9
Jun
1.8
146.7
1.0
141.0
Sep
0.4
106.4
0.3
118.3
Sep
2.0
149.6
0.7
142.0
Dec
-0.5
105.9
0.1
118.4
Dec
3.0
154.1
0.9
143.3
Mar
1.1
107.1
-0.2
118.2
Mar
1.5
156.4
0.8
144.4
Jun
0.4
107.5
-0.1
118.1
Jun
2.2
159.9
1.3
146.3
Sep
0.7
108.3
-0.5
117.5
Sep
1.4
162.1
1.0
147.8
Dec
0.4
108.7
0.1
117.6
Dec
2.4
166.0
0.8
149.0
1999
2000
2001
2002
2003
2004
2005
WA CHIP
WA CPI
Cordell Housing Index Prices April 2017 | 19
WA CHIP & Consumer Price Index (CPI) figures continued
Year
Months
% Chg.
Index
% Chg.
Index
2006
Mar
0.9
167.5
1.0
150.5
Jun
0.5
168.4
1.8
Sep
1.3
170.5
1.1
Dec
2.2
174.2
0.4
155.5
Mar
1.1
176.1
0.2
155.8
Jun
0.7
177.3
1.4
Sep
1.7
180.2
Dec
0.5
181.1
Mar
1.6
Jun
2.2
Sep Dec
2007
2008
2009
2010
2011
WA CHIP
WA CPI
Year
Months
% Chg.
Index
% Chg.
Index
2012
Mar
1.2
213.8
0.2
179.5
153.2
Jun
2.0
218.1
0.5
180.4
154.9
Sep
2.2
222.9
1.7
183.5
Dec
1.0
225.2
0.7
184.7
Mar
0.1
225.5
0.5
185.7
158.0
Jun
1.6
229.2
0.6
186.8
0.6
158.9
Sep
0.7
230.9
1.2
189.0
0.8
160.2
Dec
0.7
232.5
0.7
190.3
184.0
1.4
162.5
Mar
0.9
234.6
0.7
191.6
188.0
1.6
165.1
Jun
1.5
238.1
0.8
193.0
0.5
189.0
1.0
166.7
Sep
1.6
241.9
0.5
193.9
1.3
191.5
-0.3
166.2
Dec
1.2
244.8
0.1
194.1
Mar
0.4
192.3
-0.1
166.0
Mar
1.4
248.2
0.1
194.3
Jun
0.8
193.8
0.8
167.4
Jun
0.7
249.9
0.6
195.4
Sep
0.6
194.9
0.8
168.7
Sep
1.0
252.4
0.4
196.1
Dec
1.3
197.4
0.6
169.7
Dec
1.5
256.2
0.5
197.1
Mar
0.3
198.0
1.1
171.6
Mar
1.1
259.0
-0.6
195.8
Jun
0.5
198.9
1.2
173.6
Jun
1.1
261.9
0.3
196.4
Sep
1.2
201.3
0.2
174.0
Sep
0.6
263.5
0.4
197.1
Dec
1.8
204.9
0.1
174.1
Dec
0.5
264.8
0.4
197.8
Mar
0.7
206.4
1.1
176.1
Mar
0.4
265.8
0.0
197.8
Jun
0.8
208.1
1.3
178.4
Sep
0.7
209.5
0.2
178.8
Dec
0.8
211.2
0.2
179.1
20 | Cordell Housing Index Prices April 2017
2013
2014
2015
2016
2017
WA CHIP
WA CPI
-2.0
Mar-17
Mar-16
Mar-15
Mar-14
Mar-13
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
Mar-07
Mar-06
Mar-05
Mar-04
Mar-03
Mar-02
Mar-01
Mar-00
Mar-99
Mar-98
Mar-97
Mar-96
Mar-17
Mar-16
Mar-15
Mar-14
Mar-13
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
Mar-07
Mar-06
Mar-05
Mar-04
Mar-03
Mar-02
Mar-01
Mar-00
Mar-99
Mar-98
Mar-97
Mar-96
Mar-95
Mar-94
Mar-93
Mar-92
Mar-91
Index CHIP NATIONAL
Mar-95
CHIP NATIONAL
Mar-94
Mar-93
Mar-92
Mar-90
90.00
Mar-91
Mar-90
% Change
National
CHIP/CPI
CPI NATIONAL
270.00
250.00
230.00
210.00
190.00
170.00
150.00
130.00
110.00
Quadrant
% COST CHANGE - NATIONAL
CPI NATIONAL
12.0
10.0
8.0
6.0
4.0
2.0
0.0
Quarters
Cordell Housing Index Prices April 2017 | 21
National CHIP & Consumer Price Index (CPI) figures
Year
Months
1990
Mar
1991
1992
1993
1994
1995
1996
1997
National CHIP
National CPI
National CHIP
National CPI
% Chg.
Index
% Chg.
Index
0.0
100.0
0.0
100.9
% Chg.
Index
% Chg.
Index
0.1
112.8
0.2
120.3
Jun
1.3
101.3
1.6
Sep
1.5
102.8
0.8
Jun
1.2
114.2
0.6
121.0
Sep
0.8
115.1
0.2
121.3
Dec
0.7
103.5
2.6
106.0
Mar
1.0
104.5
-0.2
105.8
Dec
0.0
115.1
0.5
121.9
Mar
0.7
115.9
-0.1
121.8
Jun
0.6
105.2
0.2
106.0
Jun
-0.1
115.8
0.4
122.3
Sep
0.7
105.9
Dec
0.2
106.1
0.6
106.6
Sep
1.1
117.1
0.9
123.4
0.9
107.6
Dec
0.2
117.3
0.6
124.1
Mar
0.3
Jun
1.0
106.4
0.0
107.6
Mar
2.6
120.4
0.9
125.2
107.4
-0.3
107.3
Jun
3.3
124.4
0.8
126.2
Sep Dec
0.3
107.7
0.1
107.4
Sep
7.2
133.4
3.7
130.9
0.2
108.0
0.5
107.9
Dec
-0.1
133.3
0.3
131.3
Mar
0.4
108.4
0.9
108.9
Mar
-0.5
132.7
1.1
132.7
Jun
0.6
109.0
0.4
109.3
Jun
0.1
132.8
0.8
133.8
Sep
-0.1
108.8
0.5
109.8
Sep
0.9
134.0
0.3
134.2
Dec
0.0
108.8
0.2
110.0
Dec
0.4
134.6
0.9
135.4
Mar
-0.1
108.7
0.4
110.4
Mar
0.8
135.7
0.9
136.6
Jun
0.7
109.5
0.7
111.2
Jun
1.4
137.6
0.7
137.6
Sep
0.7
110.2
0.6
111.9
Sep
1.1
139.1
0.7
138.5
Dec
-1.0
109.1
0.8
112.8
Dec
1.4
141.0
0.7
139.5
Mar
1.1
110.3
1.7
114.7
Mar
0.9
142.3
1.3
141.3
Jun
0.3
110.6
1.3
116.2
Jun
1.6
144.6
0.0
141.3
Sep
-0.7
109.8
1.2
117.6
Sep
0.9
145.9
0.6
142.1
Dec
0.0
109.8
0.8
118.5
Dec
1.5
148.0
0.5
142.8
Mar
-0.7
109.0
0.4
119.0
Mar
1.1
149.7
0.9
144.1
Jun
0.1
109.2
0.7
119.8
Jun
2.0
152.6
0.5
144.8
Sep
-0.1
109.1
0.3
120.1
Sep
1.6
155.0
0.4
145.4
Dec
0.4
109.5
0.2
120.3
Dec
2.0
158.1
0.8
146.5
Mar
1.2
110.8
0.2
120.5
Mar
1.6
160.6
0.7
147.5
Jun
0.7
111.6
-0.2
120.2
Jun
1.5
162.9
0.6
148.4
Sep
0.5
112.2
-0.4
119.7
Sep
0.6
163.9
0.9
149.8
Dec
0.6
112.8
0.3
120.0
Dec
0.9
165.3
0.5
150.6
22 | Cordell Housing Index Prices April 2017
Year
Months
1998
Mar
102.5 103.3
1999
2000
2001
2002
2003
2004
2005
National CHIP & Consumer Price Index (CPI) figures continued
Year
Months
2006
Mar Jun
2007
2008
2009
2010
2011
National CHIP
National CPI
% Chg.
Index
% Chg.
Index
0.9
166.8
0.9
151.9
Year
2012
Months
National CHIP
National CPI
% Chg.
Index
% Chg.
Index
Mar
1.6
212.8
0.1
179.5
0.7
168.0
1.6
154.3
Jun
2.0
217.1
0.5
180.4
Sep
1.1
169.8
0.9
155.7
Sep
2.0
221.4
1.7
183.5
Dec
1.0
171.5
-0.1
155.5
Dec
1.3
224.2
0.6
184.6
Mar
-0.1
171.3
0.1
155.6
Mar
1.1
226.6
0.4
185.3
Jun
1.3
173.5
1.2
157.5
Jun
1.1
229.0
0.4
186.0
Sep
1.3
175.8
0.7
158.6
Sep
1.5
232.4
1.2
188.2
Dec
1.1
177.6
0.9
160.1
Dec
0.6
233.8
0.8
189.7
Mar
1.2
179.7
1.3
162.2
Mar
0.5
234.9
0.6
190.8
Jun
1.6
182.6
1.5
164.6
Jun
1.1
237.4
0.5
191.8
Sep
0.8
184.1
1.2
166.5
Sep
1.3
240.5
0.5
192.8
Dec
1.9
187.6
-0.3
166.0
Dec
0.9
242.7
0.2
193.2
Mar
1.2
189.9
0.1
166.2
Mar
0.9
244.8
0.2
193.5
Jun
1.5
192.8
0.5
167.0
Jun
0.5
246.2
0.7
194.8
Sep
0.8
194.4
1.0
168.6
Sep
1.0
248.6
0.5
195.8
Dec
0.9
196.0
0.5
169.5
Dec
1.1
251.4
0.4
196.6
Mar
0.4
196.8
0.9
171.0
Mar
0.7
253.2
-0.2
196.1
Jun
0.8
198.4
0.6
172.1
Jun
0.7
254.9
0.4
196.9
Sep
0.9
200.2
0.7
173.3
Sep
1.1
257.8
0.7
198.4
Dec
1.0
202.1
0.4
174.0
Dec
0.9
260.3
0.60
199.5
Mar
0.8
203.7
1.6
176.7
Mar
0.80
262.3
0.50
200.4
Jun
1.5
206.8
0.9
178.3
Sep
0.6
208.1
0.6
179.4
Dec
0.7
209.5
0.0
179.4
2013
2014
2015
2016
2017
Cordell Housing Index Prices April 2017 | 23
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