Get notifications in real-time for staying up to date with content that matters to you.
Australian house values experienced the largest quarterly fall in five years during the March quarter, according to Mortgage Choice and REIA’s Real Estate Market Facts.
The report, released over the weekend, showed the weighted average median house price dropped by 2.7 per cent over the quarter to $458,488.
The weighted average other dwelling median price also fell by 2.7 per cent to $355,297.
While the quarter’s results highlighted a market in decline, houses and other dwellings still achieved annual growth of 8.3 and 8.2 per cent respectively.
The continuing shortage of rental properties also saw rents rise in all capital cities over the quarter.
Darwin was the most expensive rental location, where rent increased by 8.9 per cent over the quarter; the vacancy rate was only 0.5 per cent.
Published: 10-06-08
ASIC’s raised industry funding levies reflect higher enforcemen...
Construction and retail trade have fuelled business loan growth i...
The majority of Australian borrowers think applying for a home lo...
Join Australia's most informed brokers
Do you know which lenders are providing brokers and their customers with the best service?
Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
What's the longest time you've been left on hold before getting through to a credit assessor?
