Economy

Queensland property gets hotter

SmartCompany /

Brisbane apartments and townhouses had a great year, with apartments jumping 10.2% to $325,000 to 30 June and Brisbane houses leaping 9.5% to $434,000.

And Gold Coast apartments also had a healthy glow, with a jump of 5.7 to $322,500, according to the Real Estate Institute of Queensland, with Logan, Caloundra and Caboolture also enjoying a leap in apartment prices.

However apartments in Noosa suffered an 8.4% fall in price over the past year, with the medium price now about $380,000. Noosa house prices also fell slightly to a median price of $457,000, according to REI Queensland. Properties in Noosa are expensive, and few properties change hands, so the fall may not reflect true value.

 

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