Media Release: Real Estate Institute of Victoria (REIV).

(From MediaNet Press Release Wire)

This is a media release - distributed by AAP MediaNet

MEDIA RELEASE 27 October 2005 Embargoed until midnight Friday 28 October Steady Prices, Normal Market Melbourne s median house price remained steady at $360,000, as did the unit/apartment median of $300,000. Over the last 12 months, this represents a rise of 2.4 per cent in the median house price and a 4.5 per cent increase in the unit/apartment price

For the calendar year to date (March quarter to September quarter), the median house price has increased 3.4 per cent and the median unit/apartment price risen 2.7 per cent

Mr Raimondo said the results …