Skip to main content

Australian median house price shows modest growth for the March quarter

11 June 2014 |Media centre

The latest edition of the Bendigo Bank/REIA Real Estate Market Facts Report identifies some interesting trends around Australia that should prove useful for people seeking suitable residential or investment properties across several price points.

Dennis Bice, Executive Retail, Bendigo and Adelaide Bank said “The Australian weighted average median house price is now $606,500 or 13.1% higher when compared with the March quarter 2013.

“In terms of quarterly growth for East coast capitals, the median house price in Melbourne rose 3.7%, to $652,500, an increase in the rolling annual median house price of 13.7%.

“Sydney followed with an increase of 3.1% over the March quarter to $782,973, 16.9% higher than the figure for the same time last year.  Brisbane’s median house price fell 1.1% to $460,000 but still recorded an increase of 4.8% when compared to the same quarter in 2013.

“Hobart rose 4.1%, to $385,000, an increase of 6.9% when compared to the same quarter in 2013 while on the West Coast, the median house price for Perth fell 1.6% over the quarter to $540,000. Year on year, the figure for Perth represents a 4.9% increase.  Adelaide and Darwin both recorded quarterly increases of 0.9% and 1.6% respectively”, Mr Bice concluded.

Fast Facts: March quarter 2014

Quarterly Australian weighted average, median house price is $606,517 up from $594,945 in the December quarter.

Quarterly Australian weighted average, median other dwellings price is $483,320

Median house prices up:
Melbourne 3.7% to $652,500
Sydney 3.1% to $782,973
Adelaide 0.9% to $413,750
Canberra 1.5% to $520,000
Hobart 4.1% to $385,000
Darwin 1.6% to $620,000

Median house prices down:
Brisbane 1.1% to $460,000
Perth: 1.6% to $540,000

Related Topics

Bendigo and Adelaide Bank acknowledges Aboriginal and Torres Strait Islander peoples as the First Peoples of this nation and the Traditional Custodians of the land where we live, learn and work. We pay our respects to Elders past and present as it is their knowledge and experience that holds the key to the success of future generations.

Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

© Copyright 2024 Bendigo and Adelaide Bank