ACT house prices rise in March, but signs market is 'losing steam'


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Canberra house values  rose modestly in March, as further falls in Sydney and Melbourne continue to drive a national property market downturn, according to new data.


House prices in the ACT increased by 0.1 per cent, while unit values dipped by 0.4 per cent, the data published by real estate analytics firm Core Logic on Monday found.


Canberra property prices dipped slightly in March, figured published on Monday show

Canberra property prices dipped slightly in March, figured published on Monday show Credit:Rob Homer


The March result marks a modest upswing for Canberra house prices, which reported a 0.1 per cent decline in February.


The ACT’s median house price sits at $699,911. The territory’s average unit is worth $434,091.


Article source: http://smh.com.au/business/media-and-marketing/what-will-tech-and-media-entrepreneur-justin-milne-do-with-our-old-abc-20170321-gv2scb.html

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