In Brisbane, $1 million now won’t even buy you the average house
The median priced house in Brisbane has cracked through the $1 million mark, while units have also broken an eye-watering benchmark price tag.
A lack of affordability has many young prospective buyers in Brisbane looking on from the outside. (Image source: Shutterstock.com)
In a landmark moment for Queensland’s capital, Brisbane has officially joined an exclusive club of property markets.
According to Cotality (formerly CoreLogic), Brisbane’s median house price has now surpassed the $1 million threshold for the first time in history, reaching $1,000,422, while median unit values have exceeded $700,000, hitting $709,823. This solidifies Brisbane’s position as the second most expensive capital city market in Australi…
