The Residential Market Index (RMX) provides an accessible weekly guide to the Melbourne residential property market.


The RMX is the most up-to-date indicator for buyers, sellers and property market observers.


About the RMX

 

The Residential Market Index or RMX was created by the Real Estate Institute of Victoria (REIV).


The RMX provides a current, simple insight into real property price trends in Victoria. It is calculated weekly based on properties selling prices during the period and weighted to the total number of properties in Victoria. The index indicates price movement relative to the base calculation period of 2010-2011.

The RMX enables buyers, sellers and property market observers to get a quick overview of the market’s movements relative to previous weeks, after the peak trading period which is the weekend. These indices complement the REIV’s quarterly median price data.




 
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