Highgate Hill Sales Update: Summer 2017
Highgate Hill sales update: Summer 2017
The median price of houses has increased, again, up to $1,057,500
The house market in Highgate Hill continues to be tightly held as the third quarter results are in, with only 26 sales recorded between January and September 2016. This has had a reflection in sales prices, with an increase of the median price, again, up to $1,057,500. With the ever constant lure of Brisbane State High, families trying to break into the housing market in the 4101 postcode are becoming increasingly frustrated trying to find a family home, and this is spilling over to a more noticeable demand for townhouses or 3 bedroom apartments as an alternative home. However unfortunately these can be just as rare as houses for sale to find!
Apartments in Highgate Hill are mostly of the 1 bedroom or 2 bedroom variety, and the number of sales for the first three quarters of 2016 are down 35% with only 32 sales recorded. It is looking highly unlikely that Highgate Hill will achieve anywhere near the number of apartment sales it has achieved in recent years. It is common to have properties withdrawn at the moment, with Sellers wanting to sell, but not needing to sell, and the total stock levels for apartments at Highgate Hill are sitting at 29 for sale.
Note: our graphs track the sales stats 3 months in arrears only as it takes this long for fully accurate records to finalise.
For an updated report on your suburb or a property appraisal, please contact our Sales Team on 07 3214 6800.
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