Property market bounces back in Sydney, Melbourne: REIA

December 11th,2019

Australia’s two largest capital cities are leading a housing recovery, according to the Real Estate Institute of Australia.

REIA Real Estate Market Facts for the September quarter 2019 said the weighted average median price for houses for the eight capital cities increased to $743,776.

“The increase was driven by the larger property markets of Sydney and Melbourne where house prices increased, while all other capital cities house prices decreased,” Mr Kelly said.

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