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Weekly Market Update:
18th March 2010
Quick Summary:
- Conference Pre-Registration Ends Soon!
- Property Prices Explode!
Property Prices Explode
Earlier today, the REIA released its December 2009 Median House Price series and prices have exploded!
Here's a summary of the median house price, the movement since last quarter, and the average daily price increase in the December Quarter.
| Status | Dec 2009 Qtr (Latest Released) |
Change To Previous Qtr |
Average Daily Price Increase |
Comment |
|---|---|---|---|---|
| Sydney | $598,000 |
+$29,000 |
+$318.68 |
Stong price growth increases confidence |
| Melbourne | $540,400 |
+$60,400 |
+$663.74 |
Amazing, but unsustainable! |
| Brisbane | $451,000 |
+$21,000 |
+$230.77 |
Improving as property prices awaken |
| Perth | $460,000 |
+$20,000 |
+$219.78 |
Encouraging as commodity prices consolidate |
| Adelaide | $385,000 |
+$15,000 |
+$164.84 |
Solid and quite sustainable increase |
| Canberra | $465,000 |
+$26,000 |
+$285.71 |
Disappointing considering Sydney |
| Hobart | $347,500 |
+$22,000 |
+$241.76 |
Dollar return good, but % growth great |
| Darwin | $540,000 |
+$22,500 |
+$247.25 |
Continues to outperform |
| Australia | $515,000 |
+$33,700 |
+$370.33 |
Prices continue to rise but can boom last? |
What do you think? Is this price explosion sustainable?
Post your comment here (or read what others say) on our forums.
