Australian Money Forum

[David Layton]

Queensland remains the property market of choice for investors across the country - particularly those with a long-term view. Queensland is driven by the pistons of strong state economy and nation-leading population growth. The major markets of south-east Queensland are well into a recover phase and locations beyond SE Queensland continue to show life, especially those impacted by the resources boom.

[greenback]

Not now! Prices have been falling in the outer suburbs of brisbane for months and the only thing keeping the media spin up lately has been the missleading Median House Price Data. This data results from taking the sum of prices of all the homes sold in an area and dividing it by the number of said homes. In Brisbane's case the majority of sales were the more expensive inner city homes, the prissed up queenslanders etc that sold for $600k, $800k and higher. This pushes the "Median" up because the lower end is not selling as it did in previous years.

The crash is beginning and it will not be good.