Fraser house prices take a dive

FRASER Coast house prices dived in the June quarter by 5.4 per cent.

Of the major regional centres our median house prices took the second worst plunge, with Toowoomba recording an even worse - 6.3 per cent - drop.

Scarness homes fell the most with a 17.7 per cent drop while Tinana notched an 11.1 per cent fall.

Toogoom went up 4.7 per cent, Torquay recorded an increase of 7.5 per cent and Urraween settled with a drop of 1.2 per cent.

Maryborough went down 2.1 per cent and Point Vernon dropped by 2.3 per cent.

The median price for the quarter here was $300,000.

Real Estate Institute of Qld chair Linda Bland said buyers remained cautious throughout the quarter.

“The market was soft.

“Sales were still taking place but many buyers were content to stay on the sideline.

“The number of investors, particularly, dropped off with the majority of sales going to owner-occupiers.

“We are still seeing people relocate to the region, especially retirees who are coming for our lifestyle and affordable housing compared to some of the big cities.”

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