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Property Prices in Brisbane 2007 |
REIQ (Real Estate Institute of QLD) have recently released figures that show
Brisbane's
median house prices have increased by 9.5 per cent between the March and June
quarters 2007 to $405,000.
This is the largest quarterly increase for four
years. As a guide, this can be compared to median prices for Melbourne
at $420,000, Sydney at $525,000 and Perth at $446,500.
The median house price in Brisbane's
inner-city suburb of Newstead increased by more than 50% to $1.137 million,
making it now the most expensive suburb in Brisbane,
bypassing Hamilton, traditionally Brisbane's priciest
property area with a median house price of $1.056. Neighbouring suburb Ascot runs a close third with a median house price of
$948,750.
Of Brisbane's
151 suburbs, only 5 now have median prices of below $300,000 - Darra, Durack,
Zillmere, Archerfield, and Bald Hills.
Further afield, the shires of Logan,
Beaudesert, Pine Rivers
and Ipswich all have median house prices of
under $350,000, making them popular with first home buyers. In Logan the median house price is $282,000;
$345,000 in Beaudesert; $336,000 in Pine Rivers; and $255,000 in Ipswich. In Redland, the median house price increased to
$380,000 and to $315,000 in Redcliffe.
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