Brisbane more affordable than you think
Brisbane has more suburbs with affordable house prices than any capital city in mainland Australia.
It also has Queensland’s most expensive suburb in Ascot, close to the Brisbane River, according to property analysts RP Data. House prices in Ascot are about $1.3 million.
However the median house price for a detached home is less than $300,000 in about 15 per cent of suburbs across the wider Brisbane area.
The information appears in RP Data’s Spring Buyer’s Guide, which analyses the prices of homes in about 8700 suburbs across Australia to determine affordability.
Sydney, Darwin, Melbourne, Perth and Canberra all had less than three per cent of suburbs with detached houses near the capital city.
Hobart had the most suburbs with medium home prices less than $300,000 – over 40 per cent.
RP Data’s Tim Lawless said the number of homes listed for sale in Brisbane dropped by about 14 per cent in the past 12 months. There were about 21,000 homes listed for sale and about 14,000 sold.
He said that was good news for home owners, because supply levels were falling and demand was rising, which could drive prices up.