Surging house prices mean one in 10 Brisbane homes to be worth $1m

Monday December 14, 2020

Queensland’s median house prices rose for a second consecutive quarter while Brisbane broke records and every region recorded an increase in prices over the July-September 2020 quarter, according to the Real Estate Institute of Queensland.

One in 10 Brisbane houses are tipped to break the $1 million barrier. (Photo: ABC)

The organisation’s chief executive Antonia Mercorella said Brisbane had enjoyed substantially improved demand across the entire market, with transactions now higher than pre-pandemic figures.

Noosa remains a standout with gains over the past years…

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