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Queensland property goes from strength to strength

ByJames Brown

Now could be the ideal time to think about investing in real estate in Narangba, as property prices have proved especially strong across many key Queensland markets.

The latest figures from the Real Estate Institute of Queensland (REIQ) suggest Brisbane and its suburbs are worthy of the attention of any investor looking for decent returns.

Median house values increased 1.4 per cent in the state capital during three months to September, marking no change from the previous quarter.

Throughout the 12 months to September, median house values saw a rise of 6.6 per cent in Brisbane as buyers showed confidence in the market.

"Sales in the $1million-plus price bracket in Brisbane are at their strongest level since 2009, rising 17 per cent over the three months to September," said REIQ CEO Antonia Mercorella.

"There are also encouraging signs in the Brisbane unit market, with median values rising 5.2 per cent in the 12 months to September."

Brisbane's average quarterly rise over the past few months has stood at 1.7 per cent.

No matter what type of property you have your eye on, make sure you get in touch with the team at Ray White Burpengary to help you through the buying process.

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