Brisbane's sales market

Useful Facts Without Opinions: Brisbane’s real estate sales market

The Real Estate Institute of Queensland has just published its wrap up of the 2014 year, now that the full and final stats are logged for the December quarter. Here’s some of their findings:

• “…over the December quarter the median house price for the Brisbane City Council area broke the $600,000 mark for the first time on record.”

• “Average days on market continue to improve for most parts of the state with the Brisbane LGA recording the highest drop, down 20 days over 2014, to 56 average days on market – which continues to make Brisbane the quickest selling region.”

• “Interstate investors are beginning to see more value in the Brisbane market than the southern capital cities, with strong interest in the unit and townhouse markets which in comparison are achieving nearly one per cent higher gross rental yields.”

• “The unit and townhouse market in Brisbane saw sales activity drop over the last three months of the year, however total sales for the year were up a sturdy 16 per cent.

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