Queensland property market starts to climb back - Median house values rise
House Values Rise
QUEENSLAND’S property is tipped to start firing again in time for the spring selling season.
According to the latest Real Estate Insitute of Queensland quarterly house value data, the market has already started its slow and steady climb back.
The data, released on Saturday 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.
