New data shows Brisbane house prices strengthened considerably
The Courier Mail
reports three quarters of all houses sold in Brisbane in the past year cost more than $400,000, a show of growing strength uncovered by the latest CoreLogic data.
“Even comparing these figures to just a year earlier the decline in the proportion of sales under $400,000 is extremely noticeable for houses (19 per cent) and somewhat less so for units (29.6 per cent). A decade ago, more than half of all capital city house (53.1 per cent) and unit (66.3 per cent) sales were less than $400,000.”
The median sale price for houses in Brisbane was $520,000 in the past year during which time 35,239 houses have been sold. The median unit price was $410,000, according to CoreLogic data, with 15,417 sold in the past 12 months.