Ipswich the strongest Queensland house price region: REIQ
Ipswich ranks as the strongest Queensland price growth region with its $320,000 median house price at almost half the capital, the latest data from the Real Estate Institute of Queensland (REIQ) reveal.
Ipswich's median house price increased by 6.7% over the quarter, the largest gain recorded by any area across Queensland.
Brisbane’s median house price has meanwhile hit $600,000 for the first time, rising by 3.4% over the quarter.
The REIQ’s December quarter 2014 data showed Brisbane’s record median house price was largely the result of the city’s strengthening $1 million plus house market.
“Brisbane’s prestige housing sector is firing on all cylinders, with 332 sales recorded in the December quarter - up from 274 sales the previous quarter,” REIQ CEO Antonia Mercorella said.
DECEMBER QTR 2014
HOUSES (
LGA | Median Sale | Qtrly change | Sales Activity change |
GREATER BRISBANE |
|
|
|
BRISBANE SD | $ 482,000 | 3.5% | 0% |
BRISBANE | $ 600,000 | 3.4% | 3% |
IPSWICH | $ 320,000 | 6.7% | -8% |
LOGAN | $ 354,000 | 3.8% | -6% |
MORETON BAY | $ 395,000 | 3.3% | -2% |
REDLAND | $ 479,000 | 2.4% | 6% |
TOURISM CENTRES |
|
|
|
GOLD COAST | $ 520,000 | 5.1% | 7% |
SUNSHINE COAST | $ 482,000 | 1.8% | 14% |
NOOSA | $ 520,000 | -0.5% | -11% |
FRASER COAST | $ 285,000 | -0.5% | 12% |
CAIRNS | $ 390,000 | 2.9% | -14% |
REGIONAL CENTRES |
|
|
|
BUNDABERG | $ 275,000 | 2.2% | -11% |
GLADSTONE | $ 356,250 | -4.7% | -9% |
MACKAY | $ 370,000 | -5.4% | -13% |
ROCKHAMPTON | $ 294,000 | -3.6% | -4% |
TOOWOOMBA | $ 350,000 | 3.1% | 0% |
TOWNSVILLE | $ 352,500 | 3.7% | -6% |
UNITS & TOWNHOUSES
LGA | Median Sale | Qtrly change | Sales Activity change |
GREATER BRISBANE |
|
|
|
BRISBANE SD | $ 385,000 | 0.0% | -15% |
BRISBANE | $ 418,500 | -0.4% | -14% |
IPSWICH | $ 240,000 | -0.8% | -21% |
LOGAN | $ 240,000 | -0.4% | -15% |
MORETON BAY | $ 307,500 | -3.7% | -14% |
REDLAND | $ 338,000 | -5.3% | -14% |
TOURISM CENTRES |
|
|
|
GOLD COAST | $ 350,000 | 2.9% | -6% |
SUNSHINE COAST | $ 349,500 | 2.0% | 0% |
NOOSA | $ 375,000 | -5.1% | -16% |
FRASER COAST | $ 270,000 | 12.5% | 8% |
CAIRNS | $ 208,000 | -1.0% | -14% |
REGIONAL CENTRES |
|
|
|
BUNDABERG | $ 265,000 | 12.8% | 3% |
GLADSTONE | $ 233,300 | -36.9% | 24% |
MACKAY | $ 365,000 | 21.3% | -68% |
ROCKHAMPTON | $ 350,000 | -15.7% | -36% |
TOOWOOMBA | $ 268,750 | -3.7% | -32% |
TOWNSVILLE | $ 290,000 | 15.2% | -13% |
Source: REIQ QueenslandMarket Monitor, data supplied by Core Logic RP Data.
Picture courtesy of Wikimedia Commons/Clarebear/ CC BY-SA 3.0.