Victoria Had Record Home Sales in June, Herald Sun Says
By Rebecca Keenan
June 28 (Bloomberg) -- Australia’s Victoria had a record number of property sales in June, the Sunday Herald Sun reported, citing data from the Real Estate Institute of Victoria.
By the 6 p.m. Melbourne time yesterday, 5,834 home sales were reported for the month, it said. That was 40 percent higher than a year before and 20 percent higher than June 2007, it said.
The median house price in Melbourne declined 3.1 percent to A$410,000 ($331,157) in the March quarter, it said. Home values may rebound when figures are released for the June quarter, it said.
To contact the reporter on this story: Rebecca Keenan in Melbourne at rkeenan5@bloomberg.net
Last Updated: June 27, 2009 18:43 EDT
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