{"id":36653,"date":"2022-01-27T10:43:41","date_gmt":"2022-01-26T21:43:41","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=36653"},"modified":"2022-01-27T10:43:41","modified_gmt":"2022-01-26T21:43:41","slug":"interstate-buyers-push-brisbane-house-prices-to-steepest-rise-in-18-years","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/interstate-buyers-push-brisbane-house-prices-to-steepest-rise-in-18-years\/","title":{"rendered":"Interstate buyers push Brisbane house prices to steepest rise in 18 years"},"content":{"rendered":"

PHOTO: Brisbane, Queensland<\/strong><\/p>\n

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Brisbane<\/a> house prices have hit a record median high of $792,065, following one of the biggest quarterly price hikes in two decades.<\/p>\n

Figures from\u00a0Domain\u2019s latest House Price Report,\u00a0<\/a>released, reveal house prices in the Sunshine State capital jumped 10.7 per cent over the three months to December \u2013 the steepest hike clocked across the city in almost 18 years.<\/p>\n

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\"Brisbane\u2019s<\/picture><\/div>
Brisbane\u2019s median house price has hit a record high. <\/span>CREDIT: <\/span>TAMMY LAW<\/cite><\/strong><\/em><\/p>\n<\/figcaption>
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How the Brisbane Olympics could cause a high jump for property prices<\/a><\/h2>\n<\/header>\n<\/div>\n<\/figure>\n

It was also the second largest price leap across the country for the quarter, with only Canberra surpassing Brisbane with an 11.3 per cent house price rise that lead to a record-breaking median of $1,178,364.<\/p>\n

The report also showed Brisbane house prices jumped by 25.7 per cent, or $162,181, over the year to December, a figure that equates to just over $444 per day.<\/p>\n<\/div>\n

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Unit prices also inched north to a record median of $416,033 after a two per cent quarterly rise, and 3.5 per cent annually, for the first time since mid-2016.<\/p>\n

The new numbers follow months of speculation that Brisbane\u2019s red-hot market could outperform every other capital city in the country, with experts putting the rapid-fire price rises down to low interest rates, low COVID case numbers and the comparative affordability of Brisbane homes.<\/p>\n

\"Brisbane\"<\/a><\/div>\n
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How Brisbane became Australia\u2019s new property darling<\/a><\/h2>\n<\/header>\n<\/div>\n
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