In the last year, prices in Brisbane have risen by a whopping 27.00%, which is more than any other housing market in the country. PropTrack recently released its first national home price index, based on sales data from realestate.com.au and data from valuers-general.
In the 12 months to the end of March 2022, the March Home Price Index found that Brisbane home prices rose more quickly than Sydney’s (17.80%) and Melbourne’s (11.10%) during the peak of the pandemic-driven property boom.
Also in March, Brisbane was one of the strongest performers for residential property, with a median price of $627,000.
Moreton Bay South was the best-performing region in Queensland, with annual home price growth of more than 31.00% to the end of March 2022. Clontarf, Cedar Creek, Bunya, Everton Hills, and Deception Bay are all in Moreton Bay South.
Logan, Ipswich, Brisbane South and the Sunshine Coast followed as the next best performing regions in Queensland.
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