According to the latest CoreLogic Hedonic Home Value Index, the median value for dwellings across Greater Brisbane is now $749,293.
Outside directly impacted local areas, the floods have not dampened prices. In fact supply reduced for a couple of weeks after the floods reports Smart Property Investment.
This can push prices higher in a high demand market.
And buyers are still scrambling over Brissie listings like seagulls on a chip.
Total advertised homes for sale are more than 25 per cent lower than a year ago, and more than 40 per cent lower than the previous five-year average.
But sales volumes remain high, reflecting strong demand.
This is in part because a lot of people are moving to Queensland.
In the September quarter last year migration to Queensland reached a new high with 1,263 residents moving here every week. That’s a lot of new people looking for a place to call home!
So with all that combined, Brissie price growth may be looking up for a little while yet.
Want to make a move in a growing market? View our current listings for sale or talk to us about selling.
