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Median House Prices on the rise

Mar 18, 2010 by Craig Vaughan

Property Prices Explode

Earlier today, the REIA released its December 2009 Median House Price series and prices have exploded!

Here’s a summary of the median house price, the movement since last quarter, and the average daily price increase in the December Quarter.

Status

Dec 2009 Qtr

(Latest Released)

Change To

Previous Qtr

Average Daily

Price Increase

Comment

Sydney

$598,000

+$29,000

+$318.68

 Strong price growth building confidence

Melbourne

$540,400

+$60,400

+$663.74

 Amazing, but unsustainable!

Brisbane

$451,000

+$21,000

+$230.77

 Improving as property prices awaken

Perth

$460,000

+$20,000

+$219.78

 Encouraging as commodity prices consolidate

Adelaide

$385,000

+$15,000

+$164.84

 Solid and quite sustainable increase

Canberra

$465,000

+$26,000

+$285.71

 Disappointing considering Sydney

Hobart

$347,500

+$22,000

+$241.76

 Dollar return good, but % growth great

Darwin

$540,000

+$22,500

+$247.25

 Continues to outperform

Australia

$515,000

+$33,700

+$370.33

 Prices continue to rise

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