Prices
The REIV Residential Market Index (RMX) is a residential property price index (RPPI) designed to provide a current, simple insight into real property price trends in Victoria. An RPPI measures the price change of the stock of residential dwellings over time.
The RMX for Victoria rose by 1.9 per cent to 153.6 over the four weeks to 19th November 2023.
The House price index went up by 1.1 per cent to 162.6 over the same period and the Unit index saw a decrease of 0.6 per cent to 137.9.
The RMX provides a current, simple insight into real property price trends in Victoria. It is calculated weekly based on properties selling prices during the period and weighted to the total number of properties in Victoria. The index indicates price movement relative to the base calculation period of 2016.
