Where we are right now.
View the latest update below for a comprehensive and independent overview of the housing market across Australia brought to you by CoreLogic RP Data.
You can always skip to Brisbane at 4:11 if your short on time.
Where is the market going?
Gold Coast median house prices rise more than 5pc says Real Estate Institute of Queensland.
The REIQ said the real estate market was showing strong signs of recovery, with median house values increasing by more than 5 per cent.
Gold Coast zone chairman John Newlands said low interest rates had played a major part in the turnaround.
“It means properties are more affordable for people to enter into the marketplace and obviously the cost of borrowing the money is so much less,” he said.
“It also has a reflection then on returns because obviously if you’re borrowing the money at a lesser rate, your return is going to increase on the property, so interest rates are very positive for the real estate industry. Read more of the original article Gold Coast Property Market Turning the Corner by the ABC by clicking HERE.
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