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What is the median house price in Brisbane?

September 23, 2019 10:00 am by Upside

Whether you’re thinking about buying or selling property in Brisbane, it pays to be informed. Knowing the average house price in Brisbane can help you get the best price in an attractive location if you’re buying, or give you a good idea of the market value of your home if you’re selling.

We’ve created this guide to median house prices in Brisbane to give you an in-depth look at the current state of the Brisbane property market.

Average property prices in Brisbane

According to the Domain House Price Report for the June 2019 quarter, property prices have fallen slightly in some areas of Brisbane and grown in others.

Domain economist Trent Wiltshire said decreases in Brisbane property values in some areas is a relic of the pre-election downturn, and that he expects to see a more positive end to 2019.

“It’s important to note when looking at these results that things have changed so much since we got these figures,” he said. “Brisbane is showing the proof of those really soft times pre-election.” “This result doesn’t change my outlook, which is that we’ll find a recovery for houses and unit this year. This was more of a blip, rather than an ongoing trend.”

“This result doesn’t change my outlook, which is that we’ll find a recovery for houses and unit this year. This was more of a blip, rather than an ongoing trend.”

Average house prices in Brisbane by region

Region MEDIAN PRICE QoQ CHANGE YoY CHANGE
Brisbane – East $550,000 -3.51% -5.17%
Brisbane – North $560,000 -3.45% -3.45%
Brisbane – South $665,000 -1.12% -1.65%
Brisbane – West $703,322 0.47% 1.64%
Brisbane Inner City $905,000 0.56% -1.63%

Source: Domain House Price Report, June Quarter 2019

Average unit prices in Brisbane by region

Region MEDIAN PRICE QoQ CHANGE YoY CHANGE
Brisbane – East $409,000 -2.73% -4.66%
Brisbane – North $371,000 -3.64% -7.71%
Brisbane – South $396,000 -3.41% -9.59%
Brisbane – West $438,500 -1.46% -2.56%
Brisbane Inner City $473,250 -2.04% -4.39%

Source: Domain House Price Report, June Quarter 2019

RELATED: Brisbane property market update: Winter 2019

Median house prices in Brisbane city

House prices in Brisbane’s inner-city suburbs recorded a modest quarterly increase of 0.56%, according to the June 2019 Domain Group House Price report. Conversely, unit prices fell by 2.04% over the quarter. Not surprisingly, the inner city is home to Brisbane’s most expensive real estate and is one of the most popular areas for property sales in Brisbane.

Median house price June 2019: $905,500

  • QOQ change: 0.56%
  • YOY change: -1.63%

Median unit price June 2019: $473,250 QOQ change: -2.04% YOY change: -4.39%

Median house prices in Brisbane’s East

In Brisbane’s eastern suburbs, house prices fell by 3.51% over the quarter up to June, while unit prices dropped by 2.73%. Both houses and units in the area have seen a modest decline in the past 12 months. Average house prices in the area are the lowest of all Brisbane regions, while units are middle of the range.

Median house price June 2019: $550,000

  • QOQ change: -3.51%
  • YOY change: -5.17%

Median unit price June 2019: $409,000

  • QOQ change: -2.73%
  • YOY change: -4.66%

Median house prices in Brisbane’s North

Brisbane’s northern suburbs saw some of the most pronounced drops over the April-June quarter, with house prices falling by 3.45% and unit prices falling by 3.64%. Unit prices have also taken a steep hit over the past 12 months, dropping by 7.71%. This area is now home to some of Brisbane’s cheapest apartment stock.

Median house price June 2019: $650,000

  • QOQ change: -3.45%
  • YOY change: -3.45%

Median unit price June 2019: $371,000

  • QOQ change: -3.64%
  • YOY change: -7.71%

Median house prices in Brisbane’s South

House prices in Brisbane’s southern suburbs saw a slight decline of 1.12% over the April-June quarter, while unit prices dropped by 3.41%. Unit prices in the area are now some of Brisbane’s most affordable, with average prices sitting just above those in Brisbane’s North. Houses in the area continue to be of mid-tier affordability.

Median house price June 2019: $665,000

  • QOQ change: -1.12%
  • YOY change: -1.65%

Median unit price June 2019: $396,000

  • QOQ change: -3.41%
  • YOY change: -9.59%

Median house prices in Brisbane’s West

House values in the western suburbs are the highest in Brisbane behind the city, averaging $703,322. Houses in the area also recorded a modest increase in prices of 0.47% over the April-June quarter, a sign that the region is growing in popularity with buyers looking for freestanding property.

Median house price June 2019: $703,322

  • QOQ change: 0.47%
  • YOY change: 1.64%

Median unit price June 2019: $438,500

  • QOQ change: -1.46
  • YOY change: -2.56%

Brisbane median house price history

Curious to see how Brisbane’s average prices have grown over the past five years? Take a look at our Brisbane median house price chart below:

Brisbane median property values
Source: Domain

If you’re looking to sell, get a free online property estimate in 30 seconds, which includes your property’s estimated value, sales history, and comparable properties in your area.

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