Professionals Real Estate 
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.
This is great news for those who have been waiting on just such an increase in median house prices to sell their property. This improvement in the property market is excellent for everyone in real estate and homeowners and property owners especially. With the drop in sales in past quarters, this is particularly welcome news. 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. You can’t expect every property market to be effected exactly the same, though this news for regional median house prices is still a positive change overall.
For a free suburb report, contact your nearest Professionals office. We’ll be happy to explain how the Valuer General’s regional median house price report affects you and your region, as well as what you should do next with this information.
