Brisbane Value Reaches Record High
New figures from REIQ shows continual growth in Brisbane LGA prices, which have reached a new record high despite continuing reports of the softening national markets.
The latest release of the Real Estate Institute of Queensland Market Monitor shows that Greater Brisbane's median house price rose 1.5 per cent to $680,000. This marks 27 consecutive quarters of growth.
Overall, the local government area has jumped 27.3 per cent from a median of $535,000 in December 2013. While Brisbane never quite experienced the same property "boom" seen in the southern capitals, the city still saw steady growth and is why it's been less impacted by the nation-wide downturn.
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