Greater Brisbane’s top 10 suburbs where the most properties have sold

Brisbane City continues to dominate Greater Brisbane with the highest number of properties sold in the past 12 months, according to latest PropTrack data.

A total 768 units have been sold in the Brisbane CBD in the past year, almost 300 more sales than in any other suburb has seen across the capital region.

The CBD’s median unit price of $540,000 marks a 4.9 per cent increase over the year, however prices have risen by 67.4 per cent in the last three months alone.

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Brisbane CBD dominates Greater Brisbane for highest number of property sales in the past year.

Redbank Plains took second place across Greater Brisbane, with the greatest number of sales of any Ipswich suburb. It saw 456 houses sold at a median price of $518,500, with prices rising 15.2 per cent over the past 12 months.

Close behind was Caboolture in the north of Moreton Bay, where 450 houses have sold at a median price of $573,000.

In South Brisbane, 442 units were sold at a median price of $541,000, a figure which has decreased by only 0.1 per cent in the past year.

Fortitude Valley continued the inner city’s dominant run with exactly 400 units sold at a median price of $401,500, a figure which has dropped by a significant 14.5 per cent over the 12 month period.

North Lakes in the south of Moreton Bay was next with 374 houses sold and a median price of $717,500.

Seventh overall was West End, another inner city suburb with 369 unit sales and a median price of $610,000.

Morayfield and Narangba, both in the north of Moreton Bay, had 368 house sales each, with median prices of $581,000 and $732,000 respectively.

Springfield Lakes in Ipswich rounded out the top 10 highest number of properties sold in the past year in Greater Brisbane, with 346 house sales and a median price of $641,500.

Article source: Queensland Property Investor