Hobart, Adelaide resist downward property price trend: REIA

March 13th,2019

Property prices have fallen across Australia with houses declining 2.3 per cent and other dwellings 2.4 per cent, according to the latest research from the Real Estate Institute of Australia.

REIA Real Estate Market Facts for the December quarter 2018 saw the weighted average median prices fall the most since December 2011 for houses.

REIA President Adrian Kelly said the weighted average median price for houses for the eight capital cities decreased to $733,438 over the quarter with prices falling in all capital cities except for Hobart and Adelaide and remaining stable in Perth.

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