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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

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