Hitting housing gold: Two Ballarat suburbs top price increases in 2018

Date: 21 Jan 19

Melbourne’s median house price increased 1.4 per cent to $826,500, despite what the REIV called “’low confidence, sluggish auction clearance rates and a 20 per cent reduction in residential property sales in the past 12 months’.

REIV president Robyn Waters said results for Regional Victoria had been strong when compared to inner Melbourne, with buyers looking to snap up more affordable options.

“Our latest data showed some surprise quarterly increases in inland Victoria with Golden Point, Irymple and Daylesford all achieving an uplift of more than nine per cent,” she said. 

“The 2.5 per cent increase in the median (regional) house price for the December quarter was the second strongest for the year, in contrast to Metropolitan Melbourne which had its weakest quarter.”

Click here to read the full article on The Courier.