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House Price Drop Largest In 7 Years: REIA

House prices have seen the largest decrease since December 2011, according to the latest research from the Real Estate Institute of Australia.

House Price Drop Largest In 7 Years: REIA

House prices have seen the largest decrease since December 2011, according to the latest research from the Real Estate Institute of Australia.

REIA Real Estate Market Facts for the September quarter 2018 shows weighted average median prices fell by 1.6 per cent for houses, the most in almost seven years and by 0.8 per cent for other dwellings, their largest decline in 12 months.

REIA President Malcolm Gunning said the weighted average median pr…