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PropertyData March Quarter Medians

The REIV has now released the medians for the March quarter. You will notice these have also been updated in all of your PropertyData reports.

New REIV data for the three months ended 31 March 2018 reveals that the median house price in Middle Melbourne exceeded seven figures for the first time - $1,034,000 - an increase of 4.2 per cent from the previous quarter. Overall, the median house price across metropolitan Melbourne rose for the eighth consecutive quarter, up 4.4 per cent to $855,000. This represents an increase in the median Melbourne house price of 10.9 per cent over the past twelve months.Melbourne’s metropolitan apartment median price broke the $600,000 barrier, rising 2.4 per cent to $607,000. For further details please click here to be taken to the REIV website.

Not happy with the medians in your area? Ensure all your data is being reported to the REIV and make sure your results are counted next quarter! For help reporting data, please refer to our How To Guide.

As always, if you have any questions please call 1300 303 383 or email support@propertydata.com.au

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