May 11, 2010, Australia – Second survey has been made to show the accurate data in accordance to the market value in homes for sale in Australia. According to this second survey, it confirmed that Perth’s house for sale prices are increasing, even if they cannot agree on what those prices are.
From the released data of RP Data-Rismark, the statistics stated that the median house price in March was $495,000, an increase of 0.6 per cent on February. The median unit price according to the research is $412,500, up 1 per cent on the previous month.
In accordance to this report, it stated that Perth is indeed reported as the weakest capital of all states at 0.6 per cent increase for houses and a 1.1 per cent fall in unit values.
APM asserted that the price of median house is about $519,000, at the same time as the data figure for units was said to be a much lower amounting to $368,000.
RP Data and Rismark said, “they report “simple” median prices, with their index adjusting for capital improvements, while APM says it bases its results on methods developed by the Reserve Bank. Both providers claim RBA backing for their indices.”
The report from RP showed the figures of almost a 7.9 per cent has been increased for both the house for sale and units in the past couple of years in comparison to 9.4 per cent and 11.3 per cent respectively for APM.
Source: WA News
