Property Management

House prices hold up

Neither the traditional winter slowdown nor the impact of rising interest rates is particularly evident in the housing market, the latest Real Estate Institute figures suggest.

Friday, June 21st 2002

The volume of house sales did slow slightly from 9,224 in April to 9061 in May but the May figures are a massive 40% higher than the number sold in May last year.
The national median house price also fell slightly from $189,000 in April to $188,000 in May but the May price is 10.6% higher than the May last year price of $170,000.
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