Southeast Queensland Property Soars to Record Prices
Property prices have soared for the seventh consecutive quarter in Queensland, with Caboolture Hinterland topping the list of the year-on-year growth of 17.3 per cent in median house price to $475,000. For units, Redcliffe has come up on top with 23.4 per cent year-on-year growth to $480,000. the entire Southeast Queensland benefited from record low-interest rates, increasing demand from interstate, and buyer competition.
With the amount of demand Sunshine Coast has been experiencing, it is bound to soon become Queensland’s priciest place to buy a house as the median house price surged to $770,000. This median price comes after the 19.4 per cent increase over the past 12 months. Meanwhile, on the Gold Coast, the median house price has increased by 15.4 per cent to $749,950.
Sunshine State’s coastal cities continued reaping the rewards of the property growth as remote working and relocation become a new normal for many. It’s not a surprise as people are drawn to Queensland’s affordability, liveability, pleasant climate and great value for money.
Given Southeast Queensland’s outstanding property performance, it is an opportune time to consider selling your home. Follow this link to see your property’s potential with the What’s My Property Worth report.