We head back to the East Coast and have a look at what Brisbane is doing. Brisbane median prices are at $445,311, up 1.3% last quarter, auction clearance rates at 41%, days on market average 112 and a discount of 6.9%. In the top 10 growth area’s nationally, Hamilton comes in at No 2, Spring Hill at 7 and Biggera Waters at 10. Expectations are that Brisbane property is going to rise in late 2014, and with a lower dollar and ongoing mining investment into QLD, Brisbane prices and generally QLD is set to move upwards.
Brisbane property market set to increase over medium term