Brighter Buying

Northside units see 10% price hike

by Kate Watt, Marketing Manager 15 September 2022

Affordability and city proximity are driving unit price growth on Brissie’s north side.

Units in the area between Bald Hills and Everton Park saw the highest growth of all areas in Queensland between April to June 2022 clocking up 11.7 per cent.

Nationally, this area ranked 7th highest for price growth, reports Domain.

These suburbs are popular for value hunters and first time buyers. Older units, but also newer developments, can still be found with a price tag of $400,000 – or less.

The results come as Australia’s housing market shifts from up to down, and the ride is a little bumpy in some areas.

“The Australian property market has become a stomach-churning game of swings and roundabouts that still sees prices soar for homes in some areas – and dropping steeply in others,” reports Domain.

Check out the ups and downs of property prices between April and June 2022.

Areas where prices rose the most between April to June 2022:

  1. NSW, Tumut – Tumbarumba, House, 15.6%
  2. Victoria, Latrobe Valley, Unit, 14.0%
  3. NSW, Hawkesbury, House, 13.1%
  4. Tasmania, Huon – Bruny Island, House, 12.7%
  5. South Australia, Fleurieu – Kangaroo Island, Unit, 12.5%
  6. Victoria, Loddon – Elmore, House, 11.7%
  7. QLD, Bald Hills – Everton Park, Unit, 11.7%
  8. QLD, Whitsunday, House, 11.2%
  9. Tasmania, Devonport, Unit, 11.1%
  10. WA, Wanneroo, Unit, 10.9%
  11. NSW, Clarence Valley, House, 10.9%

Areas where prices dropped the most between April to June 2022:

  1. NSW, Coffs Harbour, Unit, -10.8%
  2. ACT, Woden Valley, Unit, -10.3%
  3. South Australia, Unley, Unit, -9.6%
  4. NSW, Leichhardt, Unit, -9.4%
  5. Victoria, Hobsons Bay, House, -8.2%
  6. NSW, North Sydney – Mosman, Unit, -7.7%
  7. ACT, Molonglo, Unit, -7.4%
  8. Victoria, Stonnington – West, House, -7.4%
  9. NSW, South Coast, Unit, -7.2%
  10. WA, Cottesloe – Claremont, Unit, -6.9%
  11. Victoria, Manningham – West, Unit, -6.6%

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