Real Estate Market Facts – Australia
The Australian weighted average median house price decreased by 1.3% during the December quarter to $442,038 compared with $447,950 in the September quarter 2008. This is a decrease of 6.2% compared to the December quarter 2007 when the Australian property market was at its peak and the Australian weighted average median house price was $471,216.
The Australian weighted average median price for other dwellings decreased 0.3% over the December quarter to $353,575, from $354,700 in the September quarter 2008. This is a decrease of 3.4% compared to the December quarter 2007 when the Australian weighted average median price for other dwellings was $365,977.
Source: Real Estate Institute of Australia
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