The median house price across Australian capital cities has continued to increase with the weighted average median prices rising by 2.9 per cent for houses and 2.5 per cent for other dwellings, according to the latest research from the Real Estate Institute of Australia.
REIA Real Estate Market Facts for the March quarter 2017 show the weighted average median price for houses for the eight capital cities increased to $763,892.
REIA President Malcolm Gunning said the median price was driven by increases in Melbourne and Sydney and, to a lesser extent, in Darwin.
FOR FULL MEDIA RELEASE CLICK HERE
First home buyers benefitting from stable market
REIA News – December 2017
Property prices fall across Australia: REIA
Housing loan affordability improves, first home buyers flood market
REIA News – November 2017
First Home Buyers Increasing Proportion of Housing Market
CPI Shows Renters Benefitting From Increased Housing Investment
REIA News – October 2017