Australian Median House Price Exceeds $650,000

The Real Estate Institute of Australia (REIA) says that Australia’s housing market continued its growth in the first quarter of 2015, according to the latest Bendigo Bank/REIA Real Estate Market Facts publication.

The REIA President Neville Sanders says, “The weighted average, capital city median price increased by 2.4% for houses and 1.5% for other dwellings.”

“The weighted average, median house price for the eight capital cities is now $658,608 and with exception of Brisbane and Perth all capitals contributed to the increase. A 6.8% jump in Darwin was the largest across the capitals.”

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Source: REIA