The Australian city where house prices are growing by Olympic proportions

 Brisbane is now the fastest-growing capital city property market in Australia, after house and unit medians skyrocketed 32.1 per cent and 9.3 per cent respectively in just one year.

Domain’s House Price Report for the March quarter revealed house prices in the Sunshine State capital rose a remarkable $553 per day to a record $831,346 – the steepest annual upswing in 18 years. Units jumped $37,299 to a record $437,034 median, their sharpest annual rise in 14 years.

Domain chief of research and economics Dr Nicola Powell said a unique cocktail of ingredients was behind the surge that, unlike Sydney and Melbourne, was far from fizzling out.

Read More: https://www.smh.com.au/property/news/the-australian-city-where-house-prices-are-growing-by-olympic-proportions-20220427-p5aggm.html



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