Ballarat leads regional price growth: REIV

Ballarat leads regional price growth: REIV
Ballarat leads regional price growth: REIV

The house market is securing greater price growth in regional Victoria than unit price growth, according to the REIV's June quarter data.

Regional

Regional Victoria Jun-15 Quarter Quarterly change Mar-15 Quarter Annual change
House $346,000 1.5% $341,000 6.30%
Unit and Apartment $257,500 -1.5% $261,500 3.00%


The median prices are seasonally adjusted and annual change are based on rolling annual figures.

 

 House prices, Regional centres 

  Jun-15 Quarter Quarterly change Mar-15 Quarter Annual change
City of Greater Geelong $411,250 0.3% $410,000 -1.3%
City of Greater Bendigo $338,250 0.4% $337,000 1.0%
City of Ballarat $317,250 2.3% $310,000 5.4%


Note: regional median prices are based on 12 months ending the quarter

Click to enlarge 

 Ballarat leads regional price growth: REIV

 This graph shows median house and unit prices in Regional Victoria over the past decade in seasonally adjusted terms.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Tags: 
House Price Growth

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