Year-on-year unit price is down but quarterly price is up
THE median price for Fraser Coast units and townhouses dropped 4.5% in the year to June but quarterly prices offer a glimmer of hope.
Real Estate Institute of Queensland figures showed the median price dropped from $276,900 in 2011-12 to $264,500 in 2012-13.
But in the June quarter, the median price was $267,000 after 37 sales, an increase of 3.1% from $259,000 in the March quarter.
Units in Pialba went from a median sale price of $325,000 in 2011-12 to $260,500 in 2012-13.
Prices in Scarness units actually showed an increase, jumping by $30,000 to a median sale price of $260,000 in 2012-13.
The REIQ report showed the overall number of June quarter unit and townhouse sales across the state had increased by 15% compared to the March quarter this year.
REIQ chief executive officer Anton Kardash said both the unit and house markets had improved across the state compared to 2012.
Median sale prices for Fraser Coast housing, released two weeks ago, showed prices had remained steady in the past year but had dropped by 7% in the past five years.
- Median unit sale price April-June 2013: $267,900
- Median unit sale price June 2012-June 2013: $264,500
- Median house sale price June 2012- June 2013: $285,000