Property Growth in SEQBrisbane inner-city suburbs lead growth in Queensland property prices while confidence returns to Gold and Sunshine coasts
Brisbanes inner-city real estate market is powering ahead with new figures revealing property values are gaining pace as buyer demand continues to rise.
The Real Estate Institute of Queensland (REIQ) Housing Market Review for the June quarter, released exclusively to The Courier-Mail today, depicts a blossoming Queensland property market powered by strong growth in the state’s capital.
The figures also put buyers on notice as prices are tipped to continue their upward momentum.
While Teneriffe was the best quarterly performer in the Greater Brisbane region, with a 13.4 per cent increase in median values to $1,202,160, a pocket centring on Bulimba stole the show for overall performance with strong growth in median values across quarterly, yearly and five-year periods and plenty of sales.
Bulimba’s median value of $1,062,314 was up 5.7 per cent for the June quarter, 23.3 per cent for the year and 37.7 per cent over five years, with 107 sales for the year to May.