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Upwards trajectory for housing market expected to continue in 2018

first_imgThis apartment at LGC 11 Hillside Cres is on the market in Hamilton, one of the inner north suburbs to see strong growth in 2017.BRISBANE’S inner-north housing market is expected to continue its strong performance in 2018 after all suburbs in the area recorded median-house-price growth in 2017.REMAX Integrity principal Nerina Sportelli said all levels of the house market, from entry-level through to prestigious, were performing well: “As in 2017, houses will keep increasing steadily in 2018 while apartments may still struggle a bit.“(The inner north) has ­always been a preferred ­residential area because of the proximity to the city, a good selection of state and private schools, reliable services and great lifestyle such as proximity to river walks, parks and shopping centres.”According to the latest data from property research company CoreLogic, Teneriffe was the top-performing suburb in the City North News catchment, with the median house prices shooting up 32.6 per cent in the year to September to sit at $2.585 million.More from newsFor under $10m you can buy a luxurious home with a two-lane bowling alley5 Apr 2017Military and railway history come together on bush block24 Apr 2019Windsor came in second, with the median house price up 13.2 per cent to $855,000, followed by Bowen Hills, up 12.3 per cent to $865,000.Ms Sportelli said while she would like to see more first-home buyers entering the house market in the area, it was unlikely to ­happen due to increasing prices.“In the more exclusive inner-city suburbs we are more likely to see families that are upgrading or upsizing as the entry level is not within the budget of most first-home buyers,” she said.“By the time a suburb has been identified as a ‘hot suburb’ it probably is already too late to be entering the suburb at a reasonable entry level.“It is best to pick a suburb that is ‘affordable and within our budget’ that is as close to the city and services as possible,” Ms Sportelli added.last_img read more

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