REAL ESTATE – PRICES – QUEENSLAND

Brisbane on track to be second-most expensive city

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Original article by Mackenzie Scott
The Australian – Page: 3 : 1-May-24

Data from PropTrack shows that the median house price in Brisbane rose by nearly three per cent to $818,000 in the first four months of 2024. Brisbane now boasts Australia’s third-highest median house price, and Eleanor Creagh from PropTrack says the Queensland capital is likely to surpass Canberra if the current momentum in house price growth is sustained. Creagh notes that Brisbane has been one of the strongest housing markets since the onset of the COVID-19 pandemic. She says factors such as interstate migration and a limited supply of homes on the market have contributed to the price growth.

CORPORATES
PROPTRACK PTY LTD

Mining towns send investors broke

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Original article by Mark Ludlow
The Australian Financial Review – Page: 8 : 18-Aug-15

The mining towns of Moranbah and Dysart in Queensland’s Bowen Basin have experienced sharp falls in property prices. Figures from CoreLogic RP Data show that the median value of a home in Morbanah has declined 66 per cent in the past three years, from $A404,006 to $A251,933. During the mining boom, investors pushed prices to ridiculous levels but now demand is almost non-existent.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, BHP BILLITON LIMITED – ASX BHP, MORANBAH REAL ESTATE PTY LTD, ADANI ENTERPRISES LIMITED