Australian Capital Cities Median House Price Falls: REIA

June 13th,2018

The median house price across Australian capital cities has declined in the first quarter of 2018, according to the latest research from the Real Estate Institute of Australia.

The REIA Real Estate Market Facts for the March quarter 2018 saw the weighted average median prices fall by 0.1 per cent at $770,086 for houses and 0.2 per cent at $593,183.

REIA President Malcolm Gunning said the median house price increased in Hobart, Melbourne and Adelaide but decreased in Darwin, Perth, Sydney, Brisbane and Canberra.