$615,000 Median House Price for Brisbane LGA: REIQ

Brisbane's LGA median house price over the September quarter rose to $615,000, according to the REIQ Queensland Market Monitor report.

The median house price set in the June quarter was $610,000.

REIQ CEO Antonia Mercorella said the Brisbane market, and  the southeast corner of Queensland was leading the state’s recovery. 

“It’s been difficult for areas of the state that were heavily reliant on mining to find their feet, but we’re starting to see indicators that suggest we are heading towards firmer ground,” she said. 

“Confidence in the residential house market is growing with sales activity up over the quarter across almost all southeast Queensland regions.“

House listings in SE Queensland were up, with house salesin Ipswich posting a 12% increase. The annual trend is up 3.6%.

Toowoomba and Cairns recorded the shortest average days on market over the year to August. Toowoomba house sales increased 13% over the quarter and held the state's lowest average vendor discounting rate of 5.3%. 

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