Brisbane, Australia, My City

In the latest research 3 Brisbane suburbs have made the top 50 Australian growth suburbs.

Fig Tree Pocket in the leafy western suburbs chimed in at number 12, with 54 properties sold in the last 12 months at a median price (1/2 above, and 1/2 below) of $850,000.00. This represented a 12 month growth of nearly 44%.

Highgate Hill in the inner southern suburbs was number 23, with 55 sales at a medium of $781,000.00. This represented a 12 month growth of nearly 39%.

Wacol in the south Western corridor was number 35, with 27 sales at a medium of $295,000.00. This represented a 12 month growth of nearly 38%.

Interestingly the rental rates only rose by between 2% and 4.5%.

Overall Brisbane prices rose over the past 12 months and continue to do so, with the market seeing house listing prices that are both excessive to what there current value is and staying on the market for long periods of time. In the interest rate squeezed areas property listing prices are sometimes showing as ridiculously low for a fast sale. Which is having an effect on neighbouring prices.