REIQ
QUEENSLAND MARKET MONITOR ISSUE 29
DEC QTR 2015
your state-wide property research guide suburb by suburb
QMM STATE-WIDE COMMENTARY
NEW MEDIAN FOR BRISBANE The Queensland real estate market continues to perform well, with the southeast corner once again taking the trophy for growth, while regional growth was good in areas, but less consistent. The Brisbane local government area (LGA) has reached a new high of $632,000, capping off 14 consecutive quarters of growth. This represents an increase of 1.6 per cent for the quarter, a rise of 6.1 per cent on 12 months ago and an increase of 14.2 per cent on five years ago.
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In the southeast corner eight out of nine LGAs recorded either a median house price increase or static price when compared with the previous quarter. In regional Queensland growth was uneven across the local government areas. Townsville is a stabilising market and performed well in the December quarter. However, with the recent news of the nickel refinery redundancies the REIQ is maintaining a watching brief. >p2