Brisbane suburbs see 37% growth
28 June 2015 by News Desk
Houses in South Brisbane have recorded the biggest rise in value over the past 12 months, increasing by 23.9% to an average price of $807,794. Cedar Creek in Moreton Bay rose 19.1% to $809,944 while New Farm rose 19% to $1,206,455.
Units (apartments) in Dutton Park increased by 37.2% in average value to $508,118, followed by Banyo (20% to $413,356). The value of units in Capalaba has grown 17.9% to $343,471.
Brisbane’s most expensive suburb to buy a house is New Farm ($1,492,939 average value), followed by Ascot ($1,290,733); Teneriffe ($1,206,455); Hamilton ($1,162,066) and Chandler ($1,138,935).
Across Australia as a whole, the price of an average house is forecast to rise by around 3.8% in 2016.
