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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Ilse & Dave HawkinsJustin guided us from start to finish with our refinancing process, and was able to get the lowest possible interest rate. He kept us informed and made it a simple and quick. Justin was a pleasure to deal with! Thank you Justin!
Dan & Lisa DuncanWe have worked with Justin to refinance our house and an investment property.
We had some complexities that Justin guided us through. He achieved a better rate and structure for us than we had dealing directly with the CBA.I have worked with other brokers over the years, but none as responsive, knowledgeable, and easy to work with. Thanks mate!
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