What if you bought a South Brisbane unit five years ago?
South Brisbane is an inner city suburb of Brisbane directly connected to the central business district by the Kurilpa, Victoria and Goodwill bridges.
The suburb has witnessed a 6 percent decline in its median unit price since 2014, according to realestate.com.au.
Buyers who bought in this area early at the median price of $522,000 in 2014 now own a unit with a median price of only $486,755.
Median unit price 2014 | Median unit price 2019 | Price difference |
|
$522,000 | $486,775 | -$35,255 |
|
For those who didn’t buy in South Brisbane five years ago, should they buy in now?
It is important for buyers to check the median price regularly to ensure you are not missing the best opportunity of buying a new home.
To learn all you need to know about South Brisbane, from median asking rents to average hold period, click here.
According to Microburbs, South Brisbane is an 9/10, with 9/10 in its convenience score and family score.
