1. Brisbane Properties Are On a New High

    Brisbane Properties Are On a New High

    Here's a fascinating story for property investors everywhere. It's from Real Estate Australia and it's called Brisbane House Price Hits New High.

    It shares some interesting data about the Brisbane property market. Heres' a short but informative excerpt:

    The latest Real Estate Institute of Queensland Market Monitor, released today, shows the annual median house price within the city’s local government area rose 1.5 per cent in the 12 months to the end of March to reach a new high of $680,000.

    It's an exciting time for Brisbane sellers and might be an even ...

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    1. Last quarter — the December 2018 quarter — we reported the annual growth figure was 1.1 per cent.
    2. A lot of older places and the older population have moved on, so there's been a real rejuvenation in the last five years with younger families and couples moving here.
    3. I think Northgate often gets ignored, but we're close to the airport, close to the train line, have all the benefits of Nundah in terms of shops and restaurants and it's a really convenient place to live.
    4. It was always an older demographic, but now executive couples and first home buyers are moving into the area, so there's a lot of new builds and renovations.
    5. We're very pleased that we bought in this area.
    6. Once people live there and see how nice it is, they want to upgrade.
    7. Buyers who would traditionally look in those suburbs have become more comfortable about moving to Gordon Park because they see better value for money and that has created more competition and therefore contributed to price growth.
    8. The numbers show the wider Brisbane region is tracking well.
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