Brisbane’s new median house price of $632,000
After receiving its 14th consecutive quarterly growth Brisbane’s median house price is creeping towards the median of its southern counterparts. Its new median house price of $632,000 in the December quarter of 2015.
Although behind both Sydney and Melbourne, the Brisbane property market is continuing to grow at a steady pace, with a 6 per cent increase in total listings and new median house price. This brings in great opportunity for property investment, and shows exactly why you need Australian property investment advice.
REIQ CEO Antonia Mercorella said “The markets consistency was its strength and meant that it was it was most likely the most stable capital city.”
“Our market has avoided the pitfalls of a boom and bust cycle, performing consistently over the past 14 quarters, which is more than three years of sustained growth.
Brisbane’s new median represents an increase of 1.6 per cent for the quarter, over the last 12 months it has increased by 6.1 per cent and in the last five years has shown an increase of 14.2 per cent.