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Brisbane’s median house price has hit a new high of $655,000, according to the Real Estate Institute of Queensland.

The latest REIQ figures from the December 2016 quarter show the annual median house price grew 4.1 per cent in Queensland’s capital over the past 12 months.

The Sunshine Coast market saw the most growth in 2016 (6.1 per cent) with the median price rising to $545,000 while the Gold Coast also had a significant rise to $590,00.

Other southeastern cities saw slight rises with Logan at $384,500 and Ipswich $332,700, while the Redlands grew four per cent to $510,000 and Moreton Bay was at $422,250.

Although the unit market fell late in the year, REIQ chief executive Antonia Mercorella said the Brisbane residential house market was a dependable performer.

“This is the consistent, sustainable growth that the Brisbane house market has become known for and it is great that it’s such a solid performer,” she said.

However, over the past quarter, the Wide Bay city of Bundaberg had the most growth, with its median house price rising 14.1 per cent to $291,000.

 
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