The house price result reflected the “consistent, sustainable growth that the Brisbane house market has become known for” said REIQ CEO Antonia Mercorella.
But units in the Brisbane Local Government Area trended in the reverse direction, reports the REIQ in its latest quarterly Queensland Market Monitor.
The weaker performance of unit markets compared to houses was a theme evident across the state.
Check out the highs and lows of the last quarter across Queensland’s south east property market.
Houses – Quarterly median sale price growth to December 2016
- Brisbane up 1.6% to $655,000
- Ipswich up 0.8% to $332,700
- Logan up 2.4% to $384,500
- Moreton Bay up 1.8% to $422,250
- Redland unchanged at $510,000
- Gold Coast up 2.6% to $590,000
- Toowoomba up 0.9% to $355,000
- Sunshine Coast up 4.8% to $545,000
Units – Quarterly median sale price growth to December 2016
- Brisbane down 4% to $425,000
- Ipswich down 10.6% to $272,750
- Logan down 1% to $250,000
- Moreton Bay down 2.9% to $330,000
- Redland down 10.2% to $349,500
- Gold Coast up 1% to $405,000
- Toowoomba up 0.4% to $290,000
- Sunshine Coast up 0.2% to $375,750
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