During the June quarter, we clocked up 2 per cent growth, the third highest in the nation.
That takes year to date growth to June to an impressive 3.2 per cent, the second highest in the nation.
This compares to national growth of 1.4 per cent for the quarter and 2.24 per cent year to date to June.
“Australian property prices are accelerating again, as falling borrowing costs ignite strong bidding at auctions even as cost-of-living pressures weigh on households,” reports The Guardian.
“National home values rose by 1.4% over the June quarter, according to Cotality data, with every state capital city reporting gains.
“The increase is nearly double the pace of wages growth over the same period.”
If you thought that Brissie’s growth was hot, then check out Darwin – the Aussie city that doesn’t know what winter is.
It clocked up 7.7 per cent year to date growth, but still has a massive gap in median dwelling values compared to the rest of the nation.
The median dwelling value in Brisbane is $926,243 while Darwin’s sits at just $537,471, according to Cotality data.
If you don’t want to move to croc territory to find an affordable home, chat to your local agent. Brisbane’s north offers a diversity of housing types to suit a range of budgets, so contact us for a chat about how we can help you achieve your property goals.
If you’re keen to cash in on this year’s growth spurt, you can find out how much your property is worth or talk to us about selling.
