Useful facts without opinions: Brisbane home prices
Brisbane’s house prices saw a 4.1% rise during 2016 while units dipped 1.1%, according to the latest Queensland Market Monitor report produced by the Real Estate Institute of Queensland. Here’s all their latest numbers for settled and confirmed sales to the end of last year:
- The last calendar year saw a median house sale price of $643,000 in Brisbane City Council area, while units had a median price of $445,000 during 2016
- Prices shifted noticably for units in the December quarter with a 4% dip, while house price growth was on trend, up 1.6%
- House sellers spent an average 36 days on the market and discounted their price an average 4.1% to get a sale; unit sellers averaged 54 days and a 4.3% discount on their listing price
- Around 49,000 residential homes changed hands in this city (34,420 houses and 14,375 units)
Please share your opinions on Brisbane home prices!