Charleville, Rockhampton, Mackay and Mount Isa only Queensland regional areas with rising house prices over past year: Residex

Charleville, Rockhampton, Mackay and Mount Isa were the only regional areas in Queensland where median house prices rose over the year ending March 2012, according to Residex data.

Mackay has consistently been the best-performing area in Queensland, with 4.96% growth in the last quarter to $408,500, 5.45% growth in the year to March 2012, and an average yearly growth rate of 12.39% over the past decade.

Median house prices dropped in the seven other regional areas surveyed, with Noosa and Cairns recording the biggest decreases of 8.08% to $416,000 and 5.65% to $314,000 respectively.

Noosa has had the lowest average yearly growth over the past 10 years at 6.84%, closely followed by Cairns at 6.9%.

In the recent past Mackay has been performing the strongest with median prices up 3.82% in the last month and 4.96% in the last quarter.

Cairns has recorded the biggest decreases over the last month, dropping 2.43% to $314,000.

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Alistair Walsh

Alistair Walsh

Deutsche Welle online reporter

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