Property News
Government aid, rate cuts cushion Melbourne properties
05 February 2009
Melbourne property prices fell more slowly than expected in the December quarter, thanks to lower rates and the First Home Owner Grant boost. The latest data from the Real Estate Institute of Victoria (REIV) showed the median house price falling by 0.9% to $426,000, while units dropped 1.1% to $365,000 in median price.
Read more: Government aid, rate cuts cushion Melbourne properties
Softer house prices to spark home sales
05 February 2009
House prices fell by a modest 0.8% in the December quarter, with those in all capital cities except Adelaide and Darwin lower than a year ago, according to the latest data from the Australian Bureau of Statistics.
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