June Quarter 2008
In this unsteady financial time, it's reassuring to know that bricks and mortar are still solid. In fact, in some areas of Brisbane, the sales of units and townhouses displayed healthy gains in the June 2008 quarter.
The June quarter figures, from REIQ, place Newstead as the top performing suburb for unit sales. There was over 18% growth for the revitalised inner-city area and a median price that climbed to $597 500.
The next good performer was Toowong with 17.5% growth and a median price up to $452 500.
Spring Hill got the bronze for performance with 13.2% growth, up to a median price of $421 000. The rest of the positive growth areas had less exciting figures, with Ascot prices doing the best with units and townhouses up 9%.
Brisbane's Top 10 performing suburbs for unit price
| Locality | No Sales Jun Qtr 08 | Median Jun Qtr 08 | Change over qtr" | Median 12 months to end of Jun 08 | Change over 1yr" | Change over 5yrs |
|---|---|---|---|---|---|---|
| NEWSTEAD * | 34 | $597,500 | 18.3% | $520,000 | 16.1% | 67.7% |
| TOOWONG * | 42 | $452,500 | 17.5% | $409,000 | 26.8% | 51.5% |
| SPRING HILL * ~ | 27 | $421,000 | 13.2% | $385,000 | 29.2% | 54.0% |
| ASCOT ~ | 16 | $452,500 | 9.0% | $420,000 | 30.4% | 112.1% |
| TARINGA | 30 | $384,500 | 4.8% | $369,000 | 17.1% | 64.7% |
| NEW FARM ~ | 54 | $512,500 | 4.7% | $513,100 | 31.6% | 97.3% |
| COORPAROO | 30 | $380,000 | 4.1% | $350,000 | 20.5% | 94.4% |
| MOOROOKA ~ | 16 | $336,500 | 3.5% | $332,500 | 31.9% | 90.5% |
| WEST END * ƒ | 18 | $645,000 | 3.2% | $558,750 | 35.3% | 86.3% |
| ANNERLEY | 15 | $335,000 | 2.4% | $330,000 | 13.2% | 112.9% |
| KEDRON | 15 | $335,000 | 2.4% | $328,500 | 16.9% | 121.6% |
Property listings in the top 10 growth suburbs
See the units and townhouses currently listed for sale in the top 10 growth suburbs or search for all Brisbane units and townhouses that are for sale.
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Please Note: # All figures are as at: 20-Aug-08 and are subject to further revision. (LGA) Local Government Area - as per the new boundaries gazetted 15 March 2008. Unit and townhouse data includes sales of all building units and group titled properties. " The calculations of percentage change in median prices compare preliminary estimates in the current period with preliminary estimates in the previous period where sufficient sales are recorded. ~ Medians affected by varying quality of stock sold. * Medians affected by varying quantities of new properties sold. ƒ Medians affected by varying numbers of waterfront properties sold.
