Queensland’s tourism hotspots experienced the largest growth in median price in the March quarter.
Data released by the Real Estate Institute of Queensland (REIQ) shows Cairns was the strongest performer, with the town’s median house price increasing by 5.6 per cent over the quarter.
This trend was also causing the Gold Coast and Sunshine Coast to gather pace. Gold Coast prices rose by 4.2 per cent, which was the fourth consecutive monthly increase, while Sunshine Coast prices increased by two per cent.
By comparison, prices were largely stagnant in Brisbane, where the median shifted up by just 0.4 per cent to $560,000.