House price growth at 10 year average

The Real Estate Institute of Australia (REIA) has today released Real Estate Market Facts for the December Quarter 2010.  The report shows the weighted average capital city median price for the Australian residential property market increased 2.4% over the quarter to $545,873.

“With the exception of Perth and Canberra, all Australian capital cities recorded increases in median house prices over the quarter. Sydney, Melbourne and Darwin recorded the highest median house prices while the lowest were evident in Hobart, Adelaide and Brisbane,” said REIA President, Mr David Airey.

CLICK HERE for the report