Brisbane homes now more expensive than Melbourne real estate
For the first time since 2010, Brisbane's overall median property value has gone past Melbourne's, but in an unusual anomaly Brisbane houses and units still have a lower median value.
Brisbane's prestige property market has led the way for capital growth. (Image source: Shutterstock.com)
A quirk of statistics or sign of Brisbane’s surging property market?
The Queensland capital’s median dwelling value has crept above $787,000, almost $7,000 above Melbourne’s corresponding average property price.
It marks the first time since 2010 that Brisbane property has overtaken the Victorian capital
, and it now ranks as the third most expensive real estate market in Australia behind Sydney and Canberra.Brisbane may have the higher median…
