Real Estate Australia

with houses declining 2.3 percent and different residences 2.4 percent, as indicated by the most recent research from the Real Estate Australia. REIA Real Estate Market Facts for the December quarter 2018 saw the weighted normal middle costs fall the most since December 2011 for houses. REIA President Adrian Kelly said the weighted normal middle cost for houses for the eight capital urban areas diminished to $733,438 over the quarter with costs falling in every single capital city aside from Hobart and Adelaide and staying stable in Perth.

"The weighted normal middle cost for different homes diminished to $570,905 over the quarter, with costs diminishing in every single capital city aside from Adelaide and Perth," Mr Kelly said. "Melbourne had the biggest fall in house costs and Perth had the biggest fall in different homes. Adelaide has the most minimal middle cost for houses at $475,000 and Darwin the least middle cost for different residences at $350,000.