House Prices in Melbourne show Show Good Growth

RP data have released new figures to March 2014, showing an annual increase to Melbourne House and Unit prices of 11.6%.  Melbourne has recorded the second largest increase of all capital cities over the past year, making the Median House Price to March 2014 now $555,000, while Units have a Median Price of $448,000.  Growth for house prices in the Melbourne area have increased by 5.8% in the Quarter to March 2014, over 12 months by 11.9% and over 5 years an increase of 6.6% has been recorded.  Unit growth has increased value by 2.5% in the Quarter to March 2014, over 12 months by 8.9% and over 5 years an increase of 5.2%.  Further details including figures Australia wide can be provided.  Please contact Michael Wren on 9813 3522 or email michael.wren@mortgagechoice.com.au

Posted in: Property market

Contact us today.


Additional Comments? * :