The decline in property prices continued in the June quarter and will most likely mark the bottom of the cycle, according to the latest research from the Real Estate Institute of Australia.
REIA President Adrian Kelly said REIA Real Estate Market Facts for the June 2019 quarter show weighted average median prices decreased by 1.0 per cent for houses and by 0.6 per cent for other dwellings.
“This is a continuing decline since June 2018 for both houses and other dwellings, but the decline is slowing,” Mr Kelly said.
Download the full media release here:
REGIONAL PREFERENCES MEANS REGIONAL REFORM FOR HOUSING IS NEEDED
SHOW WILL GO ON FOR AUSTRALIAN REAL ESTATE AS FACEBOOK REMOVES POSTS
REIA LISTS 12 PRIORITIES FOR THE FEDERAL GOVERNMENT TO ADDRESS IN THE BUDGET
CHRISTMAS GIFT FOR HOUSING AS LENDING FINISHES IN 2020 ON A RECORD HIGH
REIA News – January 2021
RENTS RECOVERING FROM COVID IMPACT
RENTAL EVICTION MORATORIUMS SHOULD BE REVISITED BY NATIONAL CABINET
HOUSING CONTINUES ITS RECORD RUN