PATCHY HOUSE PRICES LEAD TO OVERALL INCREASE

June 11th,2014

Patchy price variations of residential property in Australia’s capital cities resulted in an overall median price increase in the March quarter of 2014, according to the Bendigo Bank/Real Estate Institute of Australia (REIA) Real Estate Market Facts.

REIA President Peter Bushby says, “The weighted average capital city median price increased 1.9% for houses and 1.7% for other dwellings during the quarter.”

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