Property Prices on the Rise: Report

March 14th,2018

Property prices ended 2017 on a high with the weighted average median price of the eight capital cities up 1.0 per
cent to $769,501, according to the latest research from the Real Estate Institute of Australia.

REIA Real Estate Market Facts for the December quarter 2017 showed prices increasing in all capital cities except for
Canberra down 2.7 per cent.

“The weighted average median price for other dwellings increased 0.6 per cent to $590,455 over the quarter, with
prices increasing in all capital cities except for Sydney down 0.4 per cent and Darwin sliding 7.4 per cent,” REIA
President Malcolm Gunning said.