It’s been a remarkable year for Brisbane’s property market, with the PropTrack Home Price Index for September 2024^ showing home values rose 0.20% in September to reach a new peak median value of $855,000.
While the pace of growth has slowed, Brisbane has been one of Australia’s strongest performing markets over the past year with home prices now 13.31% above September 2023 levels.
The volume of stock listed for sale in Brisbane remains constrained relative to Sydney, Melbourne, Hobart and Canberra, and this is contributing to stronger selling conditions.
Regional Queensland has also seen strong results, with home values lifting 0.16% in September, and 10.98% over the past 12 months. The median home value across the state’s regions is currently $695,000.
^https://www.proptrack.com.au/home-price-index/
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