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 fell by 1.7 per cent to 148.6 over the four weeks to 15th October 2023.
The House price index went down by 0.4 per cent to 158.8 over the same period and the Unit index saw a decrease of 0.7 per cent to 137.5.
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.
