Brisbane house prices at record highs

The new year has delivered good news for south-east Queensland homeowners, with property prices rising across the region.

According to data from CoreLogic, housing values in Brisbane shrugged off coronavirus concerns to outperform both Sydney and Melbourne.

“Brisbane housing values rose by 1.1 per cent over the month of December,” CoreLogic’s Head of Research, Tim Lawless said.

“In fact, Brisbane housing markets are now at a record high in terms of housing value.”

Brisbane real estate. — Brisbane’s neighbours performed well too, with prices in Ipswich up 1.6 per cent or $5,600 last month.

And if you own a house in Logan, values increased by $4,000.

Slices of paradise on the Gold Coast are also worth more, with prices increasing by 1.6 per cent or $9,400.

“It really highlights how popular some of the lifestyle markets have become around the country,” Mr Lawless said.

The Reserve Bank is expected to cut Australia’s already record-low interest rates even further later this year as house prices continue to plummet. — With demand high and stock low, experts say now could be a good time for those thinking of selling to put up the for sale sign.

“We’ve still got very strong interstate demand and of course those low interest rates,” Real Estate Institute of Queensland CEO Antonia Mercorella told 9News.

Originally published by 9News HERE.

Brisbane house prices at record highs

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