Median House

<html><body>
After recording strong growth last quarter, Darwin’s median house price dropped by 3.6% over the September quarter, to $593,329, according to Domain.
The result is 2.8% lower than the same time last year.
The median unit price is Darwin also decreased, dropping by 6.8% to $330,354 — 30.5% lower year-on-year.
Domain quarterly stratified median prices:
<table border="1" cellpadding="0">
<thead><tr>
<td>
HOUSE
</td>
<td>
SEP 2017
</td>
<td>
JUN 2017
</td>
<td>
SEP 2016
</td>
<td>
QOQ %
</td>
<td>
YOY %
</td>
</tr></thead>
<tbody>
<tr>
<td>
Sydney
</td>
<td>
$1,167,516
</td>
<td>
$1,190,677
</td>
<td>
$1,079,309
</td>
<td>
-1.9%
</td>
<td>
8.2%
</td>
</tr>
<tr>
<td>
Melbourne
</td>
<td>
$880,902
</td>
<td>
$869,598
</td>
<td>
$773,399
</td>
<td>
1.3%
</td>
<td>
13.9%
</td>
</tr>
<tr>
<td>
Brisbane
</td>
<td>
$551,840
</td>
<td>
$552,874
</td>
<td>
$531,767
</td>
<td>
-0.2%
</td>
<td>
3.8%
</td>
</tr>
<tr>
<td>
Adelaide
</td>
<td>
$519,517
</td>
<td>
$520,846
</td>
<td>
$498,971
</td>
<td>
-0.3%
</td>
<td>
4.1%
</td>
</tr>
<tr>
<td>
Perth
</td>
<td>
$554,095
</td>
<td>
$561,391
</td>
<td>
$567,314
</td>
<td>
-1.3%
</td>
<td>
-2.3%
</td>
</tr>
<tr>
<td>
Canberra
</td>
<td>
$723,980
</td>
<td>
$693,962
</td>
<td>
$655,468
</td>
<td>
4.3%
</td>
<td>
10.5%
</td>
</tr>
<tr>
<td>
Hobart
</td>
<td>
$409,592
</td>
<td>
$392,170
</td>
<td>
$356,916
</td>
<td>
4.4%
</td>
<td>
14.8%
</td>
</tr>
<tr>
<td>
Darwin
</td>
<td>
$593,329
</td>
<td>
$615,670
</td>
<td>
$610,510
</td>
<td>
-3.6%
</td>
<td>
-2.8%
</td>
</tr>
<tr>
<td>
National
</td>
<td>
$819,455
</td>
<td>
$823,381
</td>
<td>
$758,367
</td>
<td>
-0.5%
</td>
<td>
10.8%
</td>
</tr>
</tbody>
</table>
Rental prices for both houses and units in Darwin have remained steady over the quarter, sitting at $520 and $400 per week, respectively.
Both the houses and unit figures remained steady over the last three months, the results do indicate a drop year-on-year – by 5.5% and 5.9% respectively.
"The drop of 30.5% in median unit prices year-on-year is indicative of the oversupply of apartments in the city," said Domain chief economist, Dr Andrew Wilson. 
"This same oversupply is highlighted by the annual decrease in median rental prices and is expected to continue until demand and supply are rebalanced.
"Unfortunately, policies that are designed to restrict investor lending, are also impacting those apartment markets where supply is already well ahead of demand."
</body></html>

j.ballantyne1990-6AQqhLzZaK

Darwin house prices dipping again: Domain

<html><body>
Melbourne’s property market has secured yet another record, with the city’s median house price increasing to $729,500 in the three months to September 30.
REIV CEO Enzo Raimondo said the median was up 4.5% from the previous quarter. 
Mr Raimondo said continued high auction numbers in recent months had boosted house prices across the city. 
"Melbourne’s buoyant property market has experienced one of the strongest starts to the traditional spring selling season on record,” he said. “We’ve seen super Saturday auction weekends recorded throughout August and September. 
“In September alone, there were more than 4,400 auctions, and many more are scheduled in October.
The city’s middle and outer suburbs were the main growth drivers in the three months to September 30, with homes in these regions up 4.4 and 5.1% respectively.
Melbourne’s median apartment price increased in the September quarter – up 2.6% to $532,000.
Mr Raimondo said there was currently a range of commentary around market movement however while the market was cyclical, it was in an upward trend at this time.
“The market is currently on an upwards trajectory. The September quarter was extremely strong and that trend is continuing into the December quarter.” Melbourne’s property market has secured yet another record, with the city’s median house price increasing to $729,500 in the three months to September 30.
REIV CEO Enzo Raimondo said the median was up 4.5% from the previous quarter. 
Mr Raimondo said continued high auction numbers in recent months had boosted house prices across the city.
"Melbourne’s buoyant property market has experienced one of the strongest starts to the traditional spring selling season on record,” he said. “We’ve seen super Saturday auction weekends recorded throughout August and September.
“In September alone, there were more than 4,400 auctions, and many more are scheduled in October.
The city’s middle and outer suburbs were the main growth drivers in the three months to September 30, with homes in these regions up 4.4 and 5.1% respectively.
Melbourne’s median apartment price increased in the September quarter – up 2.6% to $532,000.
Mr Raimondo said there was currently a range of commentary around market movement however while the market was cyclical, it was in an upward trend at this time.
“The market is currently on an upwards trajectory. The September quarter was extremely strong and that trend is continuing into the December quarter.”
<table dir="ltr" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td data-sheets-value='[null,2,"Metro Melbourne"]'>Metro Melbourne</td>
<td data-sheets-value='[null,2,"Sep-15 Quarter"]'>Sep-15 Quarter</td>
<td data-sheets-value='[null,2,"Quarterly change"]'>Quarterly change</td>
<td data-sheets-value='[null,2,"Jun-15 Quarter"]'>Jun-15 Quarter</td>
<td data-sheets-value='[null,2,"Annual change"]'>Annual change</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"House"]'>House</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,729500]">$729,500</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.045]">4.5%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,698000]">$698,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.082]">8.2%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Unit"]'>Unit</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,532000]">$532,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.026]">2.6%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,518500]">$518,500</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.051]">5.1%</td>
</tr>
<tr>
<td> </td>
<td> </td>
<td data-sheets-numberformat='[null,3,"0.0%",1]'> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Inner"]'>Inner</td>
<td data-sheets-value='[null,2,"Sep-15 Quarter"]'>Sep-15 Quarter</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value='[null,2,"Quarterly change"]'>Quarterly change</td>
<td data-sheets-value='[null,2,"Jun-15 Quarter"]'>Jun-15 Quarter</td>
<td data-sheets-value='[null,2,"Annual change"]'>Annual change</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"House"]'>House</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1236000]">$1,236,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,-0.002]">-0.2%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1239000]">$1,239,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.175]">17.5%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Unit"]'>Unit</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,560000]">$560,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.024]">2.4%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,547000]">$547,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.024]">2.4%</td>
</tr>
<tr>
<td> </td>
<td> </td>
<td data-sheets-numberformat='[null,3,"0.0%",1]'> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Middle"]'>Middle</td>
<td data-sheets-value='[null,2,"Sep-15 Quarter"]'>Sep-15 Quarter</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value='[null,2,"Quarterly change"]'>Quarterly change</td>
<td data-sheets-value='[null,2,"Jun-15 Quarter"]'>Jun-15 Quarter</td>
<td data-sheets-value='[null,2,"Annual change"]'>Annual change</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"House"]'>House</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,861000]">$861,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.044]">4.4%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,825000]">$825,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.136]">13.6%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Unit"]'>Unit</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,586500]">$586,500</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.017]">1.7%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,576500]">$576,500</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.088]">8.8%</td>
</tr>
<tr>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Outer"]'>Outer</td>
<td data-sheets-value='[null,2,"Sep-15 Quarter"]'>Sep-15 Quarter</td>
<td data-sheets-value='[null,2,"Quarterly change"]'>Quarterly change</td>
<td data-sheets-value='[null,2,"Jun-15 Quarter"]'>Jun-15 Quarter</td>
<td data-sheets-value='[null,2,"Annual change"]'>Annual change</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"House"]'>House</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,550500]">$550,500</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.051]">5.1%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,524000]">$524,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.079]">7.9%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Unit"]'>Unit</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,415500]">$415,500</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.039]">3.9%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,400000]">$400,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.052]">5.2%</td>
</tr>
</tbody></table>
 Note: All quarterly median prices are seasonally adjusted and quarterly. Annual change is based on rolling annual figures.
 The graph below depicts median house and unit prices in Melbourne over the past decade in seasonally adjusted terms.
<a href="/images/2015/10/19/Screen%20Shot%202015-10-19%20at%208.39.48%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/19/Screen%20Shot%202015-10-19%20at%208.39.48%20AM.png" alt="">
</body></html>

Median House

Editor's Picks

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.

Median House

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.