Maintaining its position as the state’s most expensive housing market, the figures show Noosa is the best performer for median house price growth for a third consecutive quarter, recording 3.6 per cent growth to $895,000.
Noosa’s quarterly median unit price was also the state’s top performer for unit sector growth, rising 5 per cent to $705,000.
“Noosa has clearly seen the biggest market gains, when you consider its ushered in a median house price of $895,000 on the back of an incredible five-year growth of 53.6 per cent,” Mercorella said.
The remainder of the Sunshine Coast also posted strong results for the quarter, recording the second-highest median unit price growth to $445,000.
The Sunshine Coast’s median house price sits at $620,000 following quarterly growth of 1.8 per cent.
The Gold Coast’s annual house price rose 3.2 per cent for the year to September, to $640,000 across 6959 transactions.
Prices rose modestly over the September quarter, reflecting a 0.8 per cent rise to $650,000 across 6,959 transactions.
The Gold Coast’s unit and townhouse median price recorded a 0.5 per cent rise over the quarter, to $425,000, and for the year to September a 1.8 per cent rise to $420,000 across a total of 6260 sales.
“The Sunshine Coast property market continues to remain one of the prime spots in Australia, with quarterly growth of 1.8 per cent with a median house price now $620,000.”
Townsville took the title as the second-best performing region over the September quarter, posting 3.1 per cent growth and a median house price of $338,000.
Rockhampton and Mackay’s housing markets recorded 6.7 per cent and 6 per cent growth respectively, for the period.
REIQ figures show Rockhampton’s median house price is $275,000 and Mackay sits at $379,000.
Mercorella said first home buyers, in particular, have been quick to move on both new builds and vacant land during the year.