A report released by the Real Estate Institute of Queensland has revealed Queensland’s residential property market median has climbed almost 2 percent since September this year.
It was found this year the Brisbane median house market also grew more than 15 per cent.
This report comes three weeks after the Rental Affordability Index report showed a significant decline in affordability across some regions in Queensland, with the cost of rent now skyrocketing.
Rental Affordability creator Adrian Pisarski has said the market is in a ‘pretty dire situation’ with concerns over the market increasing with infrastructure for the 2032 Olympic games.