Business Association Member and sales agent Stevan Vuk-Luboya tells us that property prices in Australia are almost back to peak levels with rebounds in the country’s biggest markets driving national growth.
Australia’s median house price hit $809,349, after jumping 4.2 per cent late last year, according to the Domain House Price Report for the December quarter. It now sits less than $10,000 below its December 2017 peak, the figures released last Thursday show.
The median unit price increased 3.4 per cent over the quarter to $565,024 – less than $12,000 shy of its mid-2017 peak.
It is the strongest quarterly growth for houses in three years and the strongest unit growth since 2015.
If you have any questions regarding Sales Leasing or Management of residential, retail or commercial property please call Stevan on 0402 003003 for a confidential conversation