Prices up $12,000 per month: Brisbane buyers urged to act fast as listings remain scarce
Property prices in Brisbane have reaccelerated and with listings still hovering near all-time lows, there's few signs of the reheated market cooling.
Median property prices in Brisbane, including Redcliffe (pictured), continue their steady climb upwards. (Image source: Martin Valigursky/Shutterstock.com + Melinda Jennison)
August was Brisbane’s strongest month since May last year, with values accelerating and buyer activity lifting again.
Cotality’s Home Value Index
shows Brisbane dwelling values up 1.2 per cent in August, 3.0 per cent over the quarter and 7.9 per cent annually, taking the city’s median dwelling value to $949,583.To put the current pace of growth in context, a 1.2 per cent monthly rise is roughly $12,000 on a $1 million purchase price.
Brisban…
