Thinking of buying or selling in the Northern suburbs of Brisbane? In order to do both, research is not just helpful but also necessary.
In order to do an accurate analysis on market growth in individual suburbs, its necessary to look at the MEDIAN sales price over a longer period of time, rather than looking at a short period in isolation.
The median house price is the halfway mark of all houses and units sold. It is necessary therefore, when looking at this data to reflect that the inclusion of both units and houses, will result in a lower median price.
However, lets looks at some of out best selling suburbs as a whole.
NUNDAH
The median sales price for houses in Nundah, QLD in the last year was $755,000 based on 79 home sales. Compared to the same period five years ago, the median house sales price for houses increased 29.7% which equates to a compound annual growth rate of 5.3%.
WAVELL HEIGHTS
The median sales price for houses in Wavell Heights, QLD in the last year was $685,000 based on 170 home sales. Compared to the same period five years ago, the median house sales price for houses increased 29.2% which equates to a compound annual growth rate of 5.3%.
GORDON PARK
The median sales price for houses in Gordon Park, QLD in the last year was $880,000 based on 29 home sales. Compared to the same period five years ago, the median house sales price for houses increased 41.9% which equates to a compound annual growth rate of 7.3%.
LUTWYCHE
The median sales price for houses in Lutwyche, QLD in the last year was $720,000 based on 15 home sales. Compared to the same period five years ago, the median house sales price for houses increased 12.5% which equates to a compound annual growth rate of 2.4%.
CLAYFIELD
The median sales price for houses in Clayfield, QLD in the last year was $1,125,000 based on 110 home sales. Compared to the same period five years ago, the median house sales price for houses increased 41.5% which equates to a compound annual growth rate of 7.2%.
ALBION
The median sales price for houses in Albion, QLD in the last year was $763,000 based on 27 home sales. Compared to the same period five years ago, the median house sales price for houses increased 6.9% which equates to a compound annual growth rate of 1.4%.
KEDRON
The median sales price for houses in Kedron, QLD in the last year was $715,000 based on 122 home sales. Compared to the same period five years ago, the median house sales price for houses increased 29.5% which equates to a compound annual growth rate of 5.3%.
NORTHGATE
The median sales price for houses in Northgate, QLD in the last year was $610,000 based on 61 home sales. Compared to the same period five years ago, the median house sales price for houses increased 17.3% which equates to a compound annual growth rate of 3.2%.
