Brisbane Residential Property Market – Update

Brisbane Residential Property – Oct 2017

After analysis of key statistics (RP Data/CoreLogic), it is evident that the Brisbane residential property market has some very mixed results.

The median house price for Oct 2017 was reportedly $670,000 up 3.08% from the previous year.

The median unit price for Oct 2017 was reportedly $440,000 being down -3.3% from the pervious year.

The median land price for Oct 2017 was reportedly $422,500 up 14.19% from the previous year.

From our point of view at Australian Valuers, these statistics are a true reflection of what we are experiencing anecdotally in our work. Dwellings seem to be steadily moving forward at a very sustainable rate, while there is no surprises with the decline in the unit market given the oversupply in the market. Vacant land has been a big mover, which is not entirely a surprise, but at close to 14.2% growth in the last year it has definitely out-performed many predictions.

Brisbane Residential Valuations – Buying or Selling your Home

If you require an Independent House or Residential Property Valuation in Brisbane, or need initial advice, call Australian Valuers on 1800 664 094, or email at admin@australianvaluers.com.au.