Median house values in Brisbane rise as Queensland property market starts to climb back.
Queensland’s property is tipped to start firing again in time for the spring selling season. According to the latest Real Estate Institute of Queensland quarterly house value data, the market has already started its slow and steady climb back. The data, released recently in an eight-page lift-out in The Courier-Mail, reveals that the median house value in Brisbane went up by 2 per cent in the past quarter to $441,690. On the Gold Coast values went up 3 per cent during the quarter to $479,669 and the Sunshine Coast rose by 3 per cent to $458,240. The rest of the state also fared well with the median house value up by 2 per cent to $330,171. REIQ chief executive Anton Kardash said there had been changes across the board in terms of prices but continued growth would be “slow and steady”. He said all the data was pointing to a strong spring selling season ahead.
In the Greenslopes and surrounding suburbs we are starting to see the early signs of a movement towards higher prices. Other promising signs are the number of people attending Open Homes is increasing and properties are spending fewer days on the market.
Now would be a great time to have a chat to Impact Property about your situation and look at how to best maximise the sale price on your property.