In the month of January we clocked up a further 2.3 per cent increase according to CoreLogic data, which is the fastest growth of any capital city in Australia.
This caps off a 12 month change of more than 30 per cent, and pushes our median house price above $800,000.
Our unit market has also seen growth, but at a slower pace, clocking up 12.7 per cent growth over 12 months to push the median value to $458,149.
What’s driving the growth?
Affordability and fewer houses on the market are two key aspects, reports Smart Property Investment.
Total listing volumes – that’s the number of houses for sale – were down 37.6 per cent in January compared to the same time last year. January often gets off to a slow start, but listing volumes this year are below Brisbane’s five-year average.
Time will tell if we clock up another chart-topping performance in February, but for those looking to make a move, it seems Brissie is in for a healthy performance this year.