News Corp Australia 10 SEP 2018
BRISBANE’S median house price has hit a new high, with market growth up 30 per cent in the past five years.
The latest Real Estate Institute of Queensland Market Monitor, to be released today, reveals Brisbane’s median house price increased 2.5 per cent in the past year to hit a record-breaking $673,000.
House prices in the Greater Brisbane market, which includes Brisbane, Ipswich, Logan, Moreton Bay and Redland, rose 2.8 per cent in the past year and 1 per cent in the June quarter to $524,000.
“Over the medium term, the Greater Brisbane house market grew 20.1 per cent or the equivalent to nearly $88,000 for the past five years,’’ Ms Mercorella said.
The Greater Brisbane unit market grew by 1.3 per cent,to a median of $405,000 in the June quarter and by 1.4 per cent in the past 12 months.
“Interstate migration continues to highlight the Queensland market … with many of our southern counterparts seeking greener pastures,” Oliver Hume national head of research George Bougias said.
https://www.realestate.com.au/news/brisbane-median-house-price-hits-record-high/