How To Get Best Mortgage Broker Help for Brisbane Fastest Growing House Prices?
Brisbane’s housing market finished 2021 in a blaze of glory and now new data has revealed the suburb that topped the list of star performers last year: Woodridge. So, its time to consult best mortgage broker
The latest Domain House Price Report found the humble Logan suburb, located about 19 kilometers south of Brisbane’s CBD, saw its median house price rise by a massive 57.5 percent to $315,000 over the 12 months to December.
Some of Brisbane’s other star performers included Indooroopilly, East Brisbane, Everton Hills, Stafford, Carindale, and Red Hill, but they were just a few of many: 40 suburbs in Greater Brisbane recorded house price growth of more than 30 percent last year.
Greater Brisbane’s house prices rose at their fastest pace in almost 18 years last year and the river city’s median is now poised to pass the $800,000 mark – if it hasn’t already, said Domain chief of research and economics, Nicola Powell.
“In Brisbane, buyer demand is still very high,” Dr. Powell said. “Supply was 41 percent below the five-year average for December, one of the deepest declines of all the capital cities.
“Since the pandemic, Brisbane has seen a net gain of people choosing to live there. That changes the housing market.”
In Woodridge, last year’s frenzied buying was driven by that lack of housing stock for sale as well as the suburb’s very affordable price point, said Teza Fruzande of Ray White Logan City.
Call Best Home Loan Brokers in Australia at 0403 803 470 to get more information about the fast-growing house prices.