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New data shows Brisbane house prices strengthened considerably



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.”
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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.

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