Inala houses the cheapest among 35 suburbs priced under the $500,000 Brisbane median: REIQ

Larry SchlesingerAugust 19, 2012

Inala, a multicultural suburb 18 kilometres south west of the Brisbane CBD, had the cheapest median sale price of $277,000 over the June quarter, according to Real Estate Institute of Queensland (REIQ) house price data.

Inala house prices increased by 1.8% over the June quarter, but are down 5.9% over the past 12 months, when the median price was $295,000.

It is one of 35 suburbs that recorded a median sale prices below the $500,000 median for Brisbane houses, according to REIQ:

The 35 suburbs are: 

LocalityMedian Sale Jun12Qtrly change1yr change
Brisbane CITY (LGA)$   500,000-1.0%-4.7%
ACACIA RIDGE$   315,0003.3%-2.8%
ALGESTER$   400,0000.6%-1.4%
BALD HILLS ~$   336,000-9.8%-9.3%
Banyo$   385,0001.4%-0.7%
Boondall$   405,000-0.2%-3.0%
BRACKEN RIDGE ~$   385,000-11.2%-0.4%
BRIGHTON$   385,0002.1%-1.9%
CARINA$   493,7501.8%-3.0%
Chermside West$   426,000-1.5%-5.4%
Coopers Plains$   373,2500.6%-11.6%
DARRA ~$   324,000-15.8%0.0%
DOOLANDELLA * ~$   433,00025.5%-13.7%
DREWVALE ~$   432,500-10.0%-10.0%
EVERTON PARK$   450,0002.7%-6.8%
Fitzgibbon$   385,250-1.7%-6.1%
FOREST LAKE$   357,500-2.1%-3.7%
GEEBUNG ~$   404,000-1.5%-4.3%
INALA$   276,5001.8%-5.9%
KEPERRA$   392,500-3.1%-8.0%
LOTA ~$   424,000-17.7%8.0%
MANSFIELD$   476,2507.6%-9.6%
MITCHELTON$   460,0000.0%-9.1%
Moorooka$   469,250-2.7%-6.2%
Mount Gravatt East$   454,0003.4%-3.3%
OXLEY$   379,000-5.3%-5.4%
PARKINSON ~$   455,000-9.3%-3.3%
RUNCORN$   440,5007.4%2.0%
Salisbury$   390,000-9.3%-5.8%
STAFFORD ~$   465,5007.0%-6.4%
STAFFORD HEIGHTS$   437,0002.8%-5.8%
SUNNYBANK HILLS ~$   474,50013.5%-1.1%
Tingalpa$   422,0002.9%-4.2%
Upper Mount Gravatt$   460,0002.3%1.1%
WAVELL HEIGHTS$   486,000-2.8%-9.3%
WYNNUM WEST$   415,0001.6%-4.4%

Source: REIQ

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Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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