Hamilton Median House Price Breaches $1.4M Mark, Among Highest in Brisbane

Hamilton median house price
Photo credit: Google Earth

The REIQ recently reported the latest housing market statistics which showed the Hamilton median house price among the highest in Brisbane at $1,442,000, a huge 32.9% increase over the last 12 months, yet according to the REIQ figures, only 0.8% over the last 5 years. In the 2nd quarter of 2018, there were 8 homes sold in the Hamilton.

“Average days on market have been approximately 75 days for homes in Hamilton,” says Loretta Accornero of Harcourts Ascot.

Steady Market Demand

“There has been a -10.91% median price drop for units in Hamilton over the past 12-month period with the median sale price of $495K and average days on market is in excess of 100 days.  These figures are due to the amount of units for sale in the “Portside” and “Hamilton Harbour” precinct.

“As a Townhouse and Unit specialist in the ‘4007’ area, there has been a lot of extra demand to purchase townhouses, duplex’s and standalone townhomes with no body corporate fees due to the increasing administration fees in unit and townhouse complexes.

“There have been good numbers attending open homes in both houses and units, very similar to last year,“ she said.

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