Sell with Confidence
Read More
News

House Prices Continue to Slowly Rise

By Ashley Weston

The REIV House Price Index for May recorded a 1.4 per cent increase in the month. Whilst the index remains below its peak this is the eight consecutive month of increases and provides further confirmation of the rising market.

It should be noted that the appreciation being recorded has been moderate in contrast to the last improving cycle in 2009 and 2010.

The Unit Price Index also improved for the third consecutive month, this time increasing by 0.9 per cent. This is the highest level for the UPI since this time last year. The overall improvement in the unit and apartment market is more moderate than that for houses which is a reflection of the higher levels of supply in this segment across the city.

The clearance rate for the May was 70 per cent compared to 68 per cent in April. To review the 5 year graph of clearance rates and volumes click here.

Further details on these issues and a range of related matters relevant to the local property market will be available tomorrow afternoon when the REIV June Research Bulletin is released. The Bulletin is free to REIV Members as a pdf publication and can be purchased by the public as either a pdf or in excel format.

Up to Date

Latest News

  • 6 Ways To Elevate Your Bathroom Renovation 

    If you’re planning a bathroom renovation, we have some expert tips on how to make this space a real retreat. According to former The Block contestant Dale Vine, designing a bathroom these days is relatively easy. “Bathroom products have evolved to the point where they almost all look beautiful,” he points out. … Read more

    Read Full Post

  • 6 Eco-Friendly Dream Homes That Will Blow You Away

    Sustainable property features continue to be top of the wish list for Aussies nationwide. We’ve rounded up some stunning eco-friendly homes to get you dreaming big! 1. The ‘Invisible’ house While this 2014 Australian House of the Year doesn’t possess some of the traditional eco-features many other homes on this … Read more

    Read Full Post