Further drop for local housing prices

November 3, 2022 12:25 pm in by

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Victoria’s north-west has recorded a slight drop in housing prices in October.

The national Home Value Index shows local prices dropped point-two of a per cent over the past month.

However there’s been an annual growth of six-point-nine per cent, with the median value of homes sitting at three-hundred and forty-thousand dollars.

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Across the capital cities the month-on-month decline ranged from a -2.0% fall in Brisbane to Perth where dwelling values nudged -0.2% lower.

Across the rest-of-state regions, monthly fall averages of more than -1% were recorded in Regional NSW (-1.7%), Regional Victoria (-1.4%) and Regional Queensland (-1.3%).


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