Dennis Bice, Executive Retail, Bendigo and Adelaide Bank said: “Melbourne median house prices recorded the strongest growth with 5.3% for the December 2014 quarter, while Sydney grew by 4.5%. Parts of Brisbane and Adelaide also recorded increases with the apartment market median price in Adelaide growing by 5.7%”.

“While median house prices cooled in Darwin and Perth, other sectors of the Australian residential property market contained a few surprises with strong growth for the last quarter of 2014”.

“Sectors of the Canberra market, Wollongong, Inner Brisbane and Hobart recorded strong growth and regionally, the Gold Coast, Townsville, Kalgoorlie and Launceston also recorded significant growth”, Mr Bice concluded.

Median house prices up:

• Sydney 4.5% to $881,971
• Melbourne 5.3% to $669,000
• Brisbane 3.5% to $482,000
• Adelaide 2.4% to $425,000
• Canberra 1.9% to $545,000

Median house prices down:

• Perth 1.8% to $540,000
• Darwin 4.1% to $585,000

Median house prices unchanged:

• Hobart at $360,000

Median other dwelling prices up:

• Sydney 3.7% to $607,066
• Melbourne 1.6% to $511,500
• Adelaide 5.7% to $332,900
• Perth 0.8% to $443,500
• Hobart 0.8% to $262,500

Median other dwelling prices down:

• Darwin 3.0% to $494,950

Median other dwelling prices unchanged:

• Brisbane at $385,000
• Canberra at $410,000

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Australian weighted average median house price on the increase.

The latest edition of the Bendigo Bank/REIA Real Estate Market Facts Report identifies some interesting trends around Australia that should prove useful for people seeking suitable residential or investment properties across several price points.

Dennis Bice, Executive Retail, Bendigo and Adelaide Bank said “The Australian weighted average median house price is now $617,200 or 13.2% higher when compared with the June quarter 2013.

“In terms of quarterly growth for the East coast capitals, the median house price in Melbourne rose 3.3%, to $658,000 or 16.7% for the year, followed by Sydney with an increase of 3.1% over the June quarter to $811,800 or 17% higher than the figure for the same time last year.

“Brisbane’s median house price increased by 2.2% to $470,000 an increase of 5.6% when compared to the same quarter in 2013.

”Activity wasn’t all confined to the East coast.  In the Adelaide market, more than one thousand sales in the ‘other dwellings’ category saw a 4.9% rise for the quarter”, Mr Bice concluded.

Fast Facts: March quarter 2014

• Quarterly Australian weighted average median house price is $617,232
• Quarterly Australian weighted average median other dwellings price is $496,244

Median house prices up:

• Melbourne 3.3% to $658,000
• Sydney 3.1% to $811,800
• Brisbane 2.2% to $470,000
• Canberra 0.9% to $535,000
• Adelaide 0.8% to $418,150
• Darwin 0.1% to $620,800

Median house prices down:

• Perth 2.7% to $535,000
• Hobart 1.3% to $380,000

Median other dwelling prices up:

• Adelaide 4.9% to $320,000
• Sydney 3.9% to $573,200
• Melbourne 1.9% to $502,000
• Brisbane 1.3% to $390,000
• Perth 0.2% to $449,000

Median other dwelling prices down:

• Hobart 7.9% to $255,000
• Darwin 7.6% to $485,000

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Bendigo Bank returns Australia’s highest business customer satisfaction rating.

Bendigo Bank has continued its run as the business bank with Australia’s highest customer satisfaction rating.

The Bank recorded a satisfaction rating of 80.6 per cent with its business banking customers for the six months to June, according to the most recent report from Roy Morgan Research.

Bendigo and Adelaide Bank’s Executive Retail Dennis Bice said the Bank’s business banking staff were dedicated to providing their customers with the products and services they needed in a way that suited them.

“We’ve come a long way since out first Business Banking offering launched in February 1996,” Mr Bice said.

“These results show our efforts to deliver industry-leading customer service are valued by the community, and I would like to thank our business customers for their continued support.”

Mr Bice said the Bank’s business banking team was made up of almost 300 dedicated staff working across Australia to provide specialist advice and a wide range of services including agribusiness, international trade, merchant facilities, insurance and other working capital solutions.

“I think part of our success is our ability to meet the needs of a wide range of business clients,” Mr Bice said. “Whether you’re a big business, small business or a primary producer we have the staff, products and services available, to ensure that together, we can make your business stronger.”

On top of its business banking success, Bendigo Bank also received an overall customer satisfaction rating of 86.8%, for the six months to June 2013, well ahead of the major banks.

The Bank was helped to this score with a personal customer satisfaction rating of 87.8%, again comfortably exceeding the four major banks.

This is the first time Roy Morgan Research had released total satisfaction figures by combining personal and business customer ratings to give a single holistic measure of how customers were viewing their banks.

Roy Morgan Single Source is based on more than 50,000 interviews each year. It’s business banking results come from the most comprehensive B2B research in Australia, which interviews more than 30,000 business decision makers per annum.

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