Country NSW enjoys May price growth: Residex

May proved a relatively positive quarter for Australia’s housing market, according to Residex.

Of the house markets, the Hobart market recorded the strongest quarterly growth gains in May with the median house increasing in value by 2.59 percent.

This was followed by country NSW houses, which posted 2.39 percent growth for the quarter.

In the unit market, the median Hobart unit increased by a shocking 6.66 percent in the May quarter. Regional Queensland was a very distant second, where median units increased by 2.44 percent over the same time period.

Table 1: May 2016 Summary

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Source: Residex