first_img28 Volga Crescent Indooroopilly, QLD, sold for $1,067,500 on March 20, 2018 – the first time it has ever topped $1m. The house was built in 2000 on a large 809sq m block of land.“Although value growth has been fairly moderate in Brisbane over recent years, the share of $1 million sales has continued to climb,” his latest research found. “Throughout 2017, 8.3 per cent of all houses and 3.4 per cent of all units sold, transacted for at least $1m. A year earlier, 7.5 per cent of all houses and 2.8 per cent of all units sold for at least $1m.”The escalation is clear when you look at the figures from five years ago when 3.6 per cent of houses and 2.1 per cent of units sold for at least $1m. The house was built in 1955 and is in high demand area where median prices have grown 21.3 per cent in five years.According to Mr Kusher, 23.8 per cent of all houses and 11.6 per cent of all units sold in the capital cities last year fetched $1m or more.“A greater number of houses sold for more than $1 million over the past year than sold for under $400,000,” he said of the combined capitals.The data comes as the southern capitals, “in particular the most expensive city, Sydney” face falling values — “the greatest amount across the premium sector of the housing market”. FOLLOW SOPHIE FOSTER ON FACEBOOK 29 Kensington Circuit, Brookfield, which last sold for $802,000 in 2013 fetched $1.02m on Friday.More from newsParks and wildlife the new lust-haves post coronavirus20 hours agoNoosa’s best beachfront penthouse is about to hit the market20 hours ago Among homes to hit the million dollar league for the first time ever was 29 Kensington Circuit, Brookfield, that sold for $1.02m on Friday.ONE in 10 houses sold in Brisbane within the next 24 months will turn their owners into instant property millionaires, according to latest analysis. Escalating demand across the Queensland capital was expected to see every 10th house sold in Brisbane go for $1m or more within two years, with latest CoreLogic million-dollar trend figures already showing 8.3 per cent of houses sold last year went for seven digits.The year before that the figure was sitting at 7.5 per cent of houses sold were million-dollar propositions, according to CoreLogic senior analyst Cameron Kusher.last_img

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