- 16 September 2018
Brisbane Median House Price Hits Record High!
No wonder there are smiling faces - the just released Real Estate Institute of Queensland Market Monitor reveals that the Brisbane median house price has hit a new high, with market growth up 30 per cent in the past five years.
Even over the past year, it has increased 2.5 per cent to hit a record-breaking $673,000.
House prices in the Greater Brisbane market, which includes Brisbane, Ipswich, Logan, Moreton Bay, and Redland, rose 2.8 per cent in the past year and 1 per cent in the June quarter to $524,000.
As per the graph below, there are more and more million dollar suburbs creeping in:
The south-east Queensland market has a lot of things going for it, as the most recent figures show that:
Sydney
Sydney continues to have affordability problems, as :
The current price to income ratio: 9.1
Years to save a deposit: 12 years
The share of income required for repayments: 48%
South-East Queensland
Housing affordability is improving is reflected by the figures below:
The current price to income ratio: 6
Years to save a deposit: 8 years
The share of income required for repayments: 31%
Continuing to show great fundamentals for the pent-up capital growth to come through in the coming years!
Property Club has great options all over the country, in particular, South East Queensland, contact your Property Mentor or enquiries@propertyclub.com.au for further information about how you can take advantage of these great opportunities!
Property Club being the leaders in Wealth Creation through property for 20+ years now, with over 20,000+ properties settled by Club members is in the enviable position of being best placed to assist YOU to have a retirement avoiding the pension!
https://www.propertyclub.com.au/contact-us/
Contact your Property Mentor for guidance and assistance on the best deals we have at the moment and let us show you how to avoid the pension!
Have a great weekend and catch you next week!
Warm Regards,
Troy
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