Brighter And some

River city median house price hits record high

by Kate Watt, Marketing Manager 8 November 2018

Brisbane’s median house price has hit a new high, with market growth up 30 per cent in the past five years.

The latest Real Estate Institute of Queensland Market Monitor figures, revealed to, that Brisbane’s median house price increased 2.5 per cent in the past year to hit a record-breaking $673,000.

The top 10 highest valued suburbs in Brisbane are:

  • Teneriffe
  • Brookfield
  • New Farm
  • Ascot
  • Hamilton
  • Bulimba
  • Pulse vale
  • Hawthorn
  • Paddington
  • Clayfield

The top 10 growth suburbs in Brisbane’s north are:

  • Mitchelton
  • Stafford Heights
  • McDowall
  • Kenton
  • Boondall
  • Bracken Ridge
  • Kenmore
  • Bridgeman Downs
  • Red Hill
  • Bardon

The figures show buyers were keen to get as much land as they could, with the median house price skyrocketing 24.9 per cent to $1.28million for houses on more than 2500 square metres of land during the June quarter.

Coastal markets were also still strong performers, particularly the Gold and Sunshine Coasts.

There’s never been a better time to buy. Browse our current listings for sale and contact our team. And if you’re moving on to greener pastures, speak to us about selling.