The median house price across Australian capital cities declined across Australia with the weighted average median prices decreasing by 0.8 per cent for houses and 2.6 per cent for other dwellings, according to the latest research from the Real Estate Institute of Australia.
The REIA Real Estate Market Facts for the September quarter 2017 saw the weighted average median price for houses for the eight capital cities decrease to $762,000, with median prices in five of the eight capital cities decreasing over the quarter.
REIA President Malcolm Gunning said the weighted average median price for other dwellings decreased to $588,400, again with median prices also decreasing in five of the eight capital cities.
Download the full media release here:
Our Team
GROWTH IN HOUSING FINANCE APPROVALS RESUMES
2021 OFFERS UNIQUE OPPORTUNITY FOR LATE AUTUMN AND WINTER SALES
RENTS CONTINUE RECOVERY FROM COVID IMPACT
All-star line-up for REIA National Awards for Excellence 2021 to be held in the Top End
HOMES SHOULD BE AT THE HEART OF BUDGET 2021 AS AUSSIE JOBS COME BACK ONLINE
RAPID GROWTH IN HOUSING FINANCE APPROVALS SLOWING DOWN
AUSTRALIAN HOUSING PRICES SOAR BY 500% OVER PAST 25 YEARS