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Canberra leads annual house price growth: REIA
By Bianca Dabu
15 December 2020
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1 minute read
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Canberra has seen the most significant rise in median house prices over the September quarter, according to new research.
The Real Estate Institute of Australia (REIA) said the country’s housing market proved to be resilient over 2020 despite the impacts of the pandemic, with price rises recorded in most states over the past quarter.
Australia’s weighted average capital city median price for both houses and other dwellings has increased over the September 2020 quarter, the latest
Real Estate Market Facts report by REIA found.
REIA president Adrian Kelly said that over the September quarter, the weighted average capital city median price increased by 0.4 per cent for houses and by 0.7 per cent for other dwellings.