 The Sunday Mail, March 4, 2007 Page 13
By Daryl Passmore
HOUSE prices in Brisbane are rising faster than any other time in three years, figures released today reveal.
A 3.4 per cent increase between September and December (6.3 per cent over the year) pushed the median house price to $395,000.
Prices in Logan, which rose 10 per cent last year, and Ipswich, which rose 6.5 per cent, outstripped Brisbane.
In the southeast corner, Gold Coast and Noosa are already over $400,000, Caloundra and Maroochy are $390,000, Redland $366,000, Beaudesert and Pine Rivers $330,000 and Redcliffe is nudging $300,000.
He [Property analyst Michael Matusik] predicts the proportion of renters will grow from 28 per cent in Brisbane (33 percent on the Gold Coast) to between 40 and 50 percent within a generation, while Mr McGrath [REIQ President] expects it to hit 60 per cent within 10 years. |
