Top 10 Growth Suburbs: Brisbane
Brisbane’s median house price has hit a record high of $673,000 after an increase of 2.5 per cent in the past year.
The market in Brisbane’s local government area (LGA) has grown almost 30 per cent in the past five years thanks to “steady, sustainable growth”.
House prices in the Greater Brisbane market, including Brisbane, Ipswich, Logan, Moreton Bay and Redland has risen 2.8 percent in the past year, including a whole 1 per cent during the June quarter.
Caboolture South was the highest-valued suburb in Greater Brisbane, with a market growth of 30.4 per cent and new median house price of $327,500.
Not only has Caboolture positioned itself as a high growth market, but its proximity to schools, transport and shops has classed it as an affordable suburb with high investor interest.
The latest data also identified Brisbane’s top growth suburbs (houses), both north and south of the river.
Buyers behaviour has seen them securing bigger blocks of land, after house prices on blocks larger than 2500sqm saw a 24.5 per cent rise during the June quarter.
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