Fraser Coast housing prices continue to drop

HOUSING prices in Fraser Coast suburbs have continued to decline during the first quarter of 2013.

New figures released by the Real Estate Institute of Queensland have shown the median sale price for the Fraser Coast was $286,500 from January-March, a drop of 0.9% compared to the previous quarter and a 0.4% drop year on year.

REIQ Fraser Coast chairwoman Linda Bland said confidence in the market was definitely up, despite the slight drop in median sale price.

Maryborough's median sale price of $206,500 was 5.6% higher than the previous quarter, but still a drop of 3.3% year on year.

Scarness showed the biggest increase on the previous quarter, with a rise of 9.2% to have a median sale price of $273,000 across 13 homes.

The suburb's median sale price is still 3.5% below where it was in the same quarter in the previous year.

Point Vernon, Toogoom, Urraween, Kawungan and Torquay have all shown an increase in median sale price compared to the previous year.



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