Record house prices for SEQ
Find out how your region is tracking.
South-east Queensland has beat gloomy property market predictions with Brisbane, the Sunshine Coast and the Gold Coast posting record annual median house prices in the latest Real Estate Institute of Queensland (REIQ) Market Monitor report.
The Brisbane annual median house price grew 2.3% to a new high of $675,000. The Gold Coast grew 3.8% to $629,000 and the Sunshine Coast delivered 6.3% growth to a new high of $595,000.
REIQ CEO Antonia Mercorella said the growth showed Queensland real estate was a good investment.
“While other markets around the country are struggling in the face of tightened lending criteria and cooling investor appetite, the south-east corner of Queensland continues to deliver steady, sustainable growth,” Ms Mercorella said.
“Queensland’s economy is proving itself to be a good performer, against a backdrop of national gloom, with new jobs bringing population growth and demand for housing,” she said.
“The south-east corner is our powerhouse, without a doubt, but additionally we’re seeing strong results in regions that have been struggling.
“The resources sector is improving and we’re seeing regions such as Mackay and areas of western Queensland firmly in recovery.”
Annual median house price in regional markets
- Toowoomba: Up 0.6% to $352,000.
- Fraser Coast: Up 1.1% to $318,600.
- Bundaberg: Same as a year ago at $285,000.
- Gladstone: Down 8.1% to $266,500.
- Rockhampton: Down 0.8% to $265,000.
- Mackay: Up 5.6%.
- Whitsundays: Up 10.8% to $360,000.
- Townsville: Down 4.5%.
- Cairns: Down 1.2% to $405,000.