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Queensland Property Growth

Friday, March 22, 2013
Hi all,
Only two weeks till I go on an extensive filed trip around QLD looking for the best property investments.  One has caught my attention as an example;
Everton Park – eight kilometers north of the Brisbane CBD - experienced the highest median price growth in 2012 for units and townhouses, according to the latest Real Estate Institute of Queensland (REIQ) data.

The median unit and townhouse price for Everton Park for the 12 months up until December is $430,000 – a 22.9% increase on the median price of $349,813 in 2011.

However suggesting some volatility in the suburb, it experienced a December quarterly fall of 16.1% to $390,000.

Sherwood – 9 kilometres south west of the CBD - comes in second place, experiencing an 18.0% annual growth from $372,500 to $439,500.

Chermside was the weakest performing suburb in the Brisbane city, falling 15.8% annually from $431,000 in December 2011 to $363,000 in December 2012.

 

Region

Median sale 12 months December 2012

Median Sale 12 months December 2011

One year change

Everton Park

$430,000

$349,813

22.9%

Sherwood

$439,500

$372,500

18.0%

Stafford

$407,500

$360,000

13.2%

St Lucia

$479,000

$425,000

12.7%

Hamilton

$477,500

$427,500

11.7%

Taringa

$434,000

$390,000

11.3%

Teneriffe

$555,938

$512,500

8.5%

West End

$523,000

$483,550

8.2%

Balmoral

$465,000

$431,500

7.8%

Bulimba

$549,500

$510,000

7.7%



Stay tuned for a more comprehensive report when I return from my trip with actual visual context and research backed up by local knowledge
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