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2013 Property Prices on a high

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Moreton Investor, Property Management, Investment properties, Real estate Moreton, Mortgage Broker Moreton, Moreton property market, Moreton property prices, rental properties

Property prices have continued to rise through the end of 2013.

The Australian Bureau of Statistics figures Moreton Investor, Property Management, Investment properties, Real estate Moreton, Mortgage Broker Moreton, Moreton property market, Moreton property prices, rental propertiesreveal across the combined eight capital cities property prices went up by 3.4 per cent for the December quarter.

The latest figures bring the increase for the year to 9.3 per cent.

House prices in Sydney increased by 4.9 per cent in the December quarter, the third quarter in a row that Sydney recorded the largest rise in house prices in Australia.

Perth was the next best performer with its values up 3.5 per cent, followed by Brisbane 3 per cent, Adelaide 2.8 per cent, Darwin 2.7 per cent and Hobart 2.3 per cent.

Canberra recorded the smallest increase of just 0.4 per cent.

Prices for units and apartments also increased in all cities, except Darwin, with Sydney once again the strongest performer with an increase of 4.4 per cent.

Canberra was the only city to record a drop in values for the year.

The ABS data also analysed the total value of residential property in Australia which it put at about $5.02 trillion compared with $4.83 trillion in the September quarter.

The average price of an Australian residential property is now $539,000 up from $496,800 in the previous quarter.

On a state basis the mean price of residential dwellings was highest in New South Wales at $633,200 followed by Western Australia and then the ACT.

 

Residential property prices yearly change

Sydney — 13.8%

Perth — 8.7%

Melbourne — 7.9%

Brisbane 5.7%

Darwin — 5%

Hobart — 4.9%

Adelaide — 3.4%

Canberra — -0.3%

 

Original article published at www.news.com.au by Michelle Hele, News Limited Network  11/2/14

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The best brand new developments in south-east Queensland

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The best brand new developments in south-east Queensland
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Property sales strong as Mango Hill house listed for $1.1 million

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Property sales strong as Mango Hill house listed for $1.1 million

North Lakes is one of the top three outer Brisbane areas where property prices are appealing to more homebuyers, new figures reveal.

It was one of seven suburbs within the greater Brisbane region where more than 400 houses were sold in the past 12 months, according to new figures from CoreLogic.

Caboolture leads the pack with 492 houses sold, with Morayfield close behind with 452 sales.

North Lakes recorded 436 house sales during the period and all seven suburbs had median house ­prices of less than $490,000.

Amanda Pearce from Raine & Horne North Lakes said the area’s attractiveness for families was one of the main reasons people wanted to move here.

“When I’m talking to my clients and asking them why they are looking to move to North Lakes, there is usually more than one reason,” she said.

“They have heard that North Lakes is not just a community but a family and they want their kids to grow up where they can go to school with the same friends.

“More than 60 per cent of the North Lakes population are families with children.”

Ms Pearce said some of her clients were either moving from interstate to get away from city life, or because the suburb had everything they wanted nearby.

She said more than 680 houses, units and lots had been sold since January 1 last year.

“The change in the median house price in 2017 in North Lakes was at plus 3.28 per cent compared to the Moreton Bay region, which was plus 2.73 per cent,” Ms Pearce said.

Raine & Horne’s Adam Ingram said shopping and transport facilities also added to the attractiveness of the North Lakes area.

Matt Goodall from NVRE Agents at Narangba has a house at Mango Hill listed for sale for offers of more than $1.1 million.

He said as far as he knew nothing had previously sold for the magic million-dollar mark at Mango Hill.

“It is the first of its kind at the moment,” he said.

Mr Goodall said the two-storey house was a standout in the street, as it was on a slightly elevated block.

“It has a unique design and certainly won’t suit everyone that comes through,” he said.

Originally Published: couriermail.com.au

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Property sales strong as Mango Hill house listed for $1.1 million

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on

Property sales strong as Mango Hill house listed for $1.1 million

North Lakes is one of the top three outer Brisbane areas where property prices are appealing to more homebuyers, new figures reveal.

It was one of seven suburbs within the greater Brisbane region where more than 400 houses were sold in the past 12 months, according to new figures from CoreLogic.

Caboolture leads the pack with 492 houses sold, with Morayfield close behind with 452 sales.

North Lakes recorded 436 house sales during the period and all seven suburbs had median house ­prices of less than $490,000.

Amanda Pearce from Raine & Horne North Lakes said the area’s attractiveness for families was one of the main reasons people wanted to move here.

“When I’m talking to my clients and asking them why they are looking to move to North Lakes, there is usually more than one reason,” she said.

“They have heard that North Lakes is not just a community but a family and they want their kids to grow up where they can go to school with the same friends.

“More than 60 per cent of the North Lakes population are families with children.”

Ms Pearce said some of her clients were either moving from interstate to get away from city life, or because the suburb had everything they wanted nearby.

She said more than 680 houses, units and lots had been sold since January 1 last year.

“The change in the median house price in 2017 in North Lakes was at plus 3.28 per cent compared to the Moreton Bay region, which was plus 2.73 per cent,” Ms Pearce said.

Raine & Horne’s Adam Ingram said shopping and transport facilities also added to the attractiveness of the North Lakes area.

Matt Goodall from NVRE Agents at Narangba has a house at Mango Hill listed for sale for offers of more than $1.1 million.

He said as far as he knew nothing had previously sold for the magic million-dollar mark at Mango Hill.

“It is the first of its kind at the moment,” he said.

Mr Goodall said the two-storey house was a standout in the street, as it was on a slightly elevated block.

“It has a unique design and certainly won’t suit everyone that comes through,” he said.

Originally Published: couriermail.com.au

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