The great migration north will drive up Brisbane property prices

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Domain has done some interesting analysis showing how for the price of a median unit in Sydney (currently priced at just over $800,000), homebuyers could buy a detached house on a good sized block across two-thirds of Brisbane’s suburbs:

With [Brisbane’s] median house price sitting at a record high of almost $702,500, a budget of about $802,500 could secure a buyer a typical house in more than two-thirds of Brisbane suburbs.

House hunters could look to homes in Mansfield ($803,000), Stafford ($800,000) and neighbouring Stafford Heights ($800,000) – all within a 13-kilometre drive of the city centre – where three-bedroom homes on blocks ranging up to about 700 square meters have sold for about their respective suburb medians.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.