Property prices fall across Australia: REIA

December 13th,2017

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.