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REIA reports the highest quarterly growth rate in a decade
By Fergus Halliday
09 June 2021
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1 minute read
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Australia’s house prices just went up again in a big way.
Bad news for those hoping to wait out the property boom, the Australian property market just increased at the highest quarterly rate in a decade.
According to the Real Estate of Australia’s latest
Real Estate Market Facts report, the weighted average capital city median price increased by 6.8 per cent for houses and by 2.7 per cent for other dwellings over the March quarter.
REIA president Adrian Kelly noted that the growth represented the highest rate of quarterly growth in a decade. He also noted that this trend coincides with recent figures released by the ABS, highlighting the value of new loan commitments for housing covering the same period of time.
The weighted average capital city median price for both houses and other dwellings has increased at the highest rate in a decade, the latest Real Estate.
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