Redcliffe takes top spot as Queensland's fastest growing suburb for units: Investar

Redcliffe takes top spot as Queensland's fastest growing suburb for units: Investar
Staff reporterNovember 1, 2016

Redcliffe ranks among the highest Queensland suburb for the fastest growing suburb to purchase a unit, according to Investar’s latest market report.

The property investment firm states that Redcliffe has grown by 42% in one year. It does appear overly high.

This is followed by Labrador with a growth of 25% and Varsity Lakes with a growth of 19%.

Suburb

Bedrooms

Median listing price

1 year change

Redcliffe

3

$647,000

42%

Labrador

Studio and 1

$320,000

25%

Varsity Lakes

3

$537,000

19%

Bargara

3

$580,000

16%

Noosaville

3

$747,000

15%

A three bedroom apartment at 39/17 Marine Parade (above) is for sale for $649,000.

It previously traded for $420,000 in 2012, showing a 10.99 percent price growth.

 

 

Editor's Picks

Hamton launches sales at Scotch Hill Gardens, Hawthorn
RBA cut interest rates amid inflation decline
Reddam House North Shore opening to lure families to North Sydney
Woolworths to sell another prime Brisbane development site with apartment approval
TOGA's vision for building vibrant new community precincts across Sydney