The Real Estate Institute of Australia (REIA) says that property prices decreased in the June quarter with the weighted average median prices rising 2.1% for houses and 0.4% for other dwellings.
According to the latest REIA Real Estate Market Facts publication, the weighted average median price approached the $700,000 mark for houses and was around $545,000 for other dwellings.
The REIA President Neville Sanders says, “The majority of the capital cities recorded increases in the second quarter of the year. Perth was the only capital city where the median price fell for both houses and other dwellings due to slowing population growth and decreasing activity market.”
FOR FULL MEDIA RELEASE CLICK HERE
GROWTH IN HOUSING FINANCE APPROVALS RESUMES
2021 OFFERS UNIQUE OPPORTUNITY FOR LATE AUTUMN AND WINTER SALES
RENTS CONTINUE RECOVERY FROM COVID IMPACT
All-star line-up for REIA National Awards for Excellence 2021 to be held in the Top End
HOMES SHOULD BE AT THE HEART OF BUDGET 2021 AS AUSSIE JOBS COME BACK ONLINE
RAPID GROWTH IN HOUSING FINANCE APPROVALS SLOWING DOWN
AUSTRALIAN HOUSING PRICES SOAR BY 500% OVER PAST 25 YEARS
REIA News – March 2021