MEDIAN house prices in country Victoria have taken a tumble, falling an overall 4.5 per cent in the June 2012 quarter.
According to a report released by Land Victoria and the Department of Sustainability and Environment last week, the median house price in regional Victoria was $272,300, down from $285,000 in the previous quarter.
An estimated 5,224 houses sold between April and June this year, a decrease of 1.3 per cent from the same time last year.
Median house prices in areas such as Echuca, Swan Hill, Traralgon, Wangaratta and Yarrawonga all recorded decreases of up to 6.5 per cent in the June quarter.
Hamilton quarterly figures dropped more than 10 per cent between April and June this year.
The Hamilton June 2012 median was recorded at $190,000, almost $34,000 less than June 2011.
According to figures, Mildura house prices declined by almost 10 per cent in the three months leading up to June.
Principal and Director of Stockdale & Leggo Real Estate in Mildura Ashley Burns said he believed Mildura sales were more positive than figures suggested.
"There is no evidence of that at all,'' Mr Burns said.
"We saw a bit of a dip after the axing of the first home buyers grant but we have since recovered.
"In fact, we are seeing more buyers than genuine sellers.''
Brighter figures were noticed in Wodonga, Shepparton, Horsham and Ballarat which all increased by up to nine per cent.
Anglesea prices also increased by more than 30 per cent in the June quarter, after decreasing by 12.6 per cent in the previous quarter.
The median house price in Inverloch on the Gippsland coastline, however, decreased 18.3 per cent from the March quarter.