Median Brisbane house price up 4.3 percent year on year: JLL

Median Brisbane house price up 4.3 percent year on year: JLL
Median Brisbane house price up 4.3 percent year on year: JLL

The median house price in Brisbane is up 4.3 percent year on year and up 1.6 percent from the final quarter of last year, according to a new report by JLL.

JLL's residential market report for February 2016 said the median apartment price is up 1.8 percent year on year, but stayed unchanged for the last quarter.

The report found Brisbane's inner suburbs are in high demand , with median house prices above $800,000. 

The inner suburbs are in high demand, with median house prices above $800,000. with prices dropping to $550,000 10km or further from the CBD and $400,000 20km or further.

"On average, properties are taking 58-63 days to sell; a day or two longer than last month, but an improvement on the 75-day selling period characteristic of 2015," the report noted.

"Listings are clearing, with total house listings down 12.5%. New house listings are down 8.8% on last year while total apartment listings are down 3.8%. Rental levels for houses have been falling since the beginning of the year."

Click to enlarge

Median Brisbane house price up 4.3 percent year on year: JLL

 

Click to enlarge

Median Brisbane house price up 4.3 percent year on year: JLL

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

Tags: 
Brisbane Property Median

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?