House Prices in Brisbane
The median house price in Brisbane increased 1.0% in March, up slightly from 0.9% in February. Over the last 3 months house prices have grown 2.8%, which is the same quarterly growth rate as last month. This indicates that the growth trajectory has been fairly consistent in Brisbane’s housing market for the last 4 months.
The median house price in Brisbane has, for the first time in history, surpassed the $900,000 mark with CoreLogic confirming it as $909,988 at the end of March. This value is $10,514 more than last month and $33,997 more than three months ago. Brisbane remains the fourth most expensive capital city market based on house values behind Sydney, Canberra and Melbourne.