average property prices in Spring Hill

March 30th, 2008 · No Comments

Well, its been forever since i’ve updated, since the last rate hike the market has continued to climb we’ve been working flat out with more vendors needing to sell quickly, and ironically, an increase in buyers trying to get in to the bottom end of the market (the studio and 1 bedrooms in our area)

I wanted to give you a quick update on the movements of the market over the past 12 months.

Recent Median Sale Prices

This can be a bit confusing, with prices going from $565k in jan, then again to $830 in Feb. This is because of the amount of properties sold around Christmas, and is pretty normal.

In apartments:

Spring Hill

Brisbane City

In the last month, we have seen multiple 1 bedroom apartments being sold above $360k. It is now increasingly hard to find any apartment in Spring Hill for under $300,000.

Let me know if you’re looking for an apartment, I now have a “buyers kit” which is an excellent helper for anyone looking for their first property.

Until next time, happy investing!

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