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Ted Piteo, CEO Professionals SA commented on the positive results following the release of the Valuer General’s median house prices for December 2014 quarter, the regional housing market recorded a 2.64% increase over the last quarter and a 1.87% rise compared to the same period last year. The median price rose to $272,000.
Sales for this quarter were down from the previous 2014 quarter and compared to the same quarter last year.
Ted went on to say although overall it was positive, local markets are different and that’s why it’s important to use a local when looking for information on your property market.
For a free suburb report, contact your nearest Professionals office.