Brisbane’s best value growth suburbs in 2016

REAL ESTATE: 72 Stafford St, East Brisbane

72 Stafford St, East Brisbane

AS the end of 2016 draws near, researcher CoreLogic has released a property report which dives into Brisbane suburbs to have recorded the greatest 12 month change in median values.

The data up to September only includes those suburbs which had at least 10 sales over that period of time.

East Brisbane tops the list for the greatest 12 month change in median values of houses, up 14.7 per cent, ahead of Highgate Hill (up 13.6 per cent), Seven Hills (up 13.3 per cent), Darra (up 12.8 per cent) and West End (up 12.3 per cent).

East Brisbane has a median house price of $830,629 from its 93 sales over the 12 months.

REAL ESTATE: 72 Stafford St, East Brisbane

72 Stafford St, East Brisbane sold under the hammer in September.

Ray White East Brisbane sales agent Madi Roche signed off on a number of deals this year including the sale under the hammer of 72 Stafford St, East Brisbane for almost $100,000 over the reserve price.

The three-bedroom, one-bathroom Queenslander was purchased by a local investor for $972,000 after bidding opened at $650,000.

At the time, Ms Roche described demand for property in the suburb as “exciting”.

“I think East Brisbane has experienced significant growth over the last couple of years because of the close proximity to the CBD, and the number of cafes and restaurants opening,” she said.

“It’s not a thoroughfare anymore but has its own identity.”

CoreLogic’s ‘Best of the Best’ report also dissected unit data showing Woody Point and Capalaba delivering the best growth over 2016, with values up 10.2 per cent in both suburbs over the 12 months to September.

Kedron comes in third for unit growth (up 9.4 per cent), followed by Browns Plains (up 8.7 per cent), and Beenleigh (7.8 per cent).

Source: realestatecomau

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