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September Quarter Medians

The REIV has now released the medians for the September quarter, these have also been updated in all PropertyData reports.

The REIV’s September quarterly data report revealed that the median house price in Melbourne remained unchanged at $834,000 and the unit median increased 0.2 per cent (2.6 per cent over the 12 months) to $640,000.

In the July-September quarter, the median house price in Regional Victoria declined 0.6 per cent to $416,500 while the unit price dropped 4.1 per cent to $292,500. The reduction in regional medians follows a 4.0 per cent increase in the median house price and 3.7 per cent increase in the unit median in the March-June quarter.

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.

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