Median house and unit values increases in Latrobe-Gippsland region: CoreLogic
Both median house and unit values across the Latrobe – Gippsland region increased over the year to June 2016, with detached house values sitting at $302,407, which is 3.9 percent higher than one year ago, however having fallen from their recent peak in April ($305,509), according to CoreLogic's regional market report.
Across the much smaller unit market, values have risen 0.6 per cent over the year to June to $233,482.
There were 5,504 residential homes sold across the region over the 12 months to May 2016, tracking above the five year average for the region, but indicating slightly less activity across the market when compared to the preceding year.
A typical house is taking an average of 117 days to sell currently, and the average time on market for units is 122 days, slightly lower than one year ago.
