4122 suburbs are among the most in-demand locations for buyers on the southside this season.
Demand is so strong in some pockets of the city this spring selling season that at least one house sells every day of the year on average.
Brisbane’s southside is seeing houses snapped up the fastest in suburbs like Seven Hills, Wishart and Mansfield.
Homes is Wishart are getting many groups for open home inspections and selling very quickly beyond the expected price point. Houses are also selling quickly in Mansfield, which fell into a similar category to Wishart and it is benefiting from the growth in Carindale.
CoreLogic head of research Cameron Kusher said the fastest selling suburbs were generally close to the city, but more affordable. “They probably haven’t been the most desirable suburbs historically but people are coming around to the fact they’re close to city and have good public transport, so we’re seeing a bit of gentrification in those areas,” he said.
In Wishart, 12km from the CBD, the median price is now $701,250 — 36 per cent higher than it was just five years ago. The median sales price for houses in Mansfield last year was $664,444.Compared to the same period five years ago, the median house sales price for houses increased 40.8% which equates to a compound annual growth rate of 7.1%.
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