QLD’s housing market smashes through $1 trillion value barrier

PHOTO: Aerial photograph of Brisbane. Picture supplied by Harcourts.

THE value of Queensland’s housing market has smashed through the trillion dollar barrier for the first time in history.

The state’s residential property sector is now worth $1.004 trillion — hitting the milestone in September after hovering on or just below that level for months, according to exclusive figures provided to The Sunday-Mail by property research firm CoreLogic.

It’s been a rapid rise to the top, with the total value of Queensland’s housing market sitting at $910 billion only two years ago — that’s an increase of 10 per cent or more than $90 billion in just 24 months.

READ MORE VIA REALESTATE.COM.AU