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Data shows Brisbane is on the rise

first_imgNumber show the Brisbane property market is getting stronger. Photo: Jack TranBrisbane’s market continues to strengthen based on the latest data release from data analyst Corelogic.The most recent Corelogic Property Indicator Survey reveals Brisbane home values rose 0.1 per cent during the past week, a figure in line with the 3.6 per cent gain measured over the past 12 months.With a median price of $495,000, Brisbane housing is 44 per cent cheaper than Sydney ($890,000) and 26 per cent less expensive than Melbourne ($665,000).Despite a slight drop in the weekly auction clearance rate to 59.8 per cent, the measure is almost nine points higher than the same result last year.Buyers are gathering under Hills hoists around the city. Photo: Tara Croser.More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor8 hours agoThe number of house listings is also rising — up two percentage points on last year’s figures.Managing partner of buyers’ agency Property Searchers, Scott McGeever, said Brisbane’s market continues to perform most strongly close to the CBD.“Generally we’re seeing the market, certainly within that twelve kilometre radius, really strong.“Some of the stuff, certainly within the six or seven kilometre radius, they’re getting multiple offers … some things are getting eight, nine, ten offers on them competing,” Mr McGeever said.“It’s basically directed at the lack of quality stock on the market so when something does come up it’s certainly hotly contested.”Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:35Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:35 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWeekend Wrap: 4-5 March00:35last_img read more

Start reading Data shows Brisbane is on the rise

New beachside suburb in the running to become the Gold Coast’s most expensive

first_img jessica.brown@news.com.au MORE NEWS: New home hot spots revealed REIQ Gold Coast zone chairman Andrew Henderson.He said the suburb’s proximity to the Gold Coast Airport and popular surf breaks made it particularly appealing.The median house prices are based on 66 sales in Mermaid Beach over the past year and 16 in Bilinga, which suggested a few million-dollar sales were skewing the figures.Mr Henderson believed that once the data to the start of April was revealed, it would paint a different picture as there had been a number of million-dollar sales at Mermaid Beach during that period.Ray White Mermaid Beach agent Troy Dowker, who has sold several multimillion-dollar properties at Bilinga over the past year, backed Mr Henderson’s comments.He said when Bilinga’s prestige market dried up, the median would drop back.DJ Stringer Property Services principal David Stringer said houses in the area were already highly sought-after while five to seven-storey height limits meant new boutique beachfront developments were also on offer. Bilinga’s median house price is catching up to Mermaid Beach’s following several multimillion-dollar sales in the past year.Mermaid Beach’s median soared to $1.5 million last year, which marked a record for the Gold Coast, but it has since gradually declined to $1.385 million while Bilinga’s has rocketed to $1.3 million.REIQ Gold Coast zone chairman Andrew Henderson (pictured) believed Mermaid Beach would always reign supreme but said there was merit in Bilinga’s increased popularity.“It’s obviously heating up the competition between the two but whether it will pass (Mermaid Beach), I can’t see that happening,” he said.“But as new houses get built and more people appeal to the area … I think that (Bilinga) could be held in high esteem.More from news02:37International architect Desmond Brooks selling luxury beach villa11 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“Bilinga for a long time was probably under valued.” MORE NEWS: Imagine owning a castlecenter_img Another Gold Coast suburb is in the running to take Mermaid Beach’s title as the city’s most expensive.MERMAID Beach has long held the title as the Gold Coast’s most expensive suburb, but a new contender is hot on its heels.Bilinga joined the Coast’s million-dollar club in November and has been close to surpassing Mermaid Beach’s median house price for months.CoreLogic data to December showed there was only a $50,000 difference between the two, which stretched to $85,000 in January. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhy location is everything in real estate01:59last_img read more

Start reading New beachside suburb in the running to become the Gold Coast’s most expensive