Recently the Treasurer Scott Morrison has been calling on state and territory governments to do more to stop house prices ballooning.
The amount households are borrowing from the bank is getting more disproportionate to their pay packet.
In Brisbane
The median weekly income per household in Brisbane is $1,388.
The average house price in Queensland’s capital was $497,000 in June 2016. This was 4.3% higher than the year before.
Prices haven’t risen in Brisbane as steeply as in Sydney and Melbourne, as the average price tag for a home was only $325,000 10 years ago.
So what can $600,000, get you in the Everton Park region.
McDowall
7 Marx Street Mcdowall, QLD, 4053
This 3 bedroom, 2 Bathroom and 2 car garage, property on 587 m2, sold recently for $610,000.
Stafford Heights
22 Mumbil Street Stafford Heights, QLD, 4053
4 bedrooms, 2 bath, 2 car on 650m2 sold for $600,000
This is a very spacious family home that has been well looked after.
Stafford
18 Karbala Street Stafford, QLD, 4053
3 bedroom, 1 bath, 1 car accomodation, on 610m2 sold for $607,000
This is currently a rental property returning a great yield. The property is suitable for further development and has city views.
Everton Park
4 Ballinderry Street Everton Park, QLD, 4053
4 Bedrooms, 2 bathrooms, 2 car garage on 600m2 and sold for $607,000
A quality home that has been recently renovated with plenty of outdoor entertaining spaces.
Alderley
197 Raymont Road Alderley, QLD, 4051
3 Bedrooms, 1 bath 1 car accomodation on 375m2, sold for $585,000
This typical Queenslander located close to the city, has all of the charm of yesteryear.
Arana Hills
83 Minto Crescent Arana Hills, QLD, 4054
This 4 Bedroom, 2 Bath, 2 Car Garage property on 658 m2 sold for $597,500
It was described as a luxuriously renovated ultra modern home with all of the creature comforts needed to relax.
Whilst $600,000 might not be a first home for many, it is clear that you can buy a whole lot of house in fantastic locations in the inner North West.
House prices are on the rise. Find out the value of your property now.
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Hicks Real Estate Team
Hicks Real Estate is a Brisbane based, full-service real estate agency supporting buyers and sell as well as renters and property investors. With almost 20 years experience in the local market, we are the real estate experts you can rely upon.
