Brighter And some

These #4 suburbs topped the million dollar mark last quarter

by Kate Watt, Marketing Manager 2 October 2019

Data hounds amongst you will be pleased to hear the latest Queensland Market Monitor has been released, full of juicy real estate stats from the June quarter of this year.

Some stats look like familiar friends by now: Brisbane has yet again delivered a slow and steady performance, recording 0.7 per cent annual growth, taking the median sales price to $680,000.
Other stats leap off the page with celebrity style: like the suburbs which reached million-dollar-median status in the last quarter.
To be eligible suburbs must have recorded more than 19 home sales over that period.  And here they are, Queensland’s top performances by sale price:

  • Norman Park $1,170,000
  • Paddington $1,152,500
  • Broadbeach Waters $1,137,500
  • Runaway Bay, $1,022,500

The Real Estate Institute of Queensland (REIQ) compiles the Market Monitor every quarter and it provides quite the detailed picture of sales and rental markets for both units and houses across the state.
The vibe from this report is – on the whole – reasonably optimistic.
“Real estate experts and commentators have been predicting an upwards swing within the Queensland property market for some time now,” said REIQ CEO Antonia Mercorella.
“Subtle changes in market activity are beginning to indicate that those forecasts may be coming to fruition.”
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