Brisbane's sales market, trends in Brisbane property

Useful facts without opinions: Brisbane home prices

Brisbane’s home prices saw a 3.3% rise for the past 12 months, 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 August:

  • The past 12 months saw a median house sale price of $525,000 in Greater Brisbane. Sydney sits at $970,000, Melbourne $691,500 and Canberra $657,000, while we’re higher than Perth’s $512,5000 and Darwin at $500,000.
  • Brisbane’s median apartment and townhouse price dipped 2.1% over that year, with a median sale price of $411,000
  • House sellers spent an average 34 days on the market and discounted their price an average 3.9% to get a sale; apartment sellers averaged 61 days and a 4.7% discount on their listing price
  • Almost 45,000 residential homes changed hands in this city over the past financial year (30,461 houses and 14,6316 units/townhouses)

Please share your opinions on Brisbane home prices!