Brisbane recorded the biggest increase in offshore property buyers in the past year.
Realestate.com.au’s property recent property report showed demand for houses in Brisbane rose 6.7 per cent in the past 12 months, while unit demand increased by 4.5 per cent.
East Brisbane, Indooroopilly and Paddington were most popular for houses, while the Gold Coast was in top demand for apartments.
The city’s median house price increased 2.7 per cent to $525,000 in the past 12 months, while the median apartment price fell 4.1 per cent to $382,500. The report noted that Brisbane home prices never increased to the same levels as Sydney and Melbourne and it has remained far more affordable.
Demand from property seekers from China for the Brisbane market jumped by 35 per cent in the 12 months to May 2018.
Top suburbs for houses in Brisbane:
- East Brisbane
- Holland Park