House prices in this small Queensland town are defying the national trend of falling property markets

abc.net.au/news/southern-downs-house-prices-defy-national-trend/101400680Queensland's Granite Belt region has gone against the grain to be one of the few areas in Australia to record an increase in house prices.The median price for a house in the region is $386,833CoreLogic's home value index, released this week, showed Australia's housing market slumped 1.6 per cent in August, the biggest national monthly decline since 1983.

The Granite Belt has been one of the strongest housing markets in regional Australia, ranked fifth across the country over the past three months with a 4.9 per cent increase in housing values.Kylie Green is one of those people driving the figures, having recently moved to the area from the Sunshine Coast with her family to run a local motel."People smile at you on the street, it's really lovely," she said.

He said there was a mixture of younger couples looking to get away from city living and the "retiring retired" who were looking for a country lifestyle."It's a lifestyle choice that people are making that's driving it all ... it's not greed." Stanthorpe real estate agent Logan Steele says he expects interest in the region's housing market will remain strong.

Mr Steele said rising interest rates were not of concern to many people buying in Stanthorpe because of the affordability of the region's properties.Read more on Australia's property market:

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Slow start to spring as one in four Sydney vendors pull listingsAmid falling house prices and expectations of another 50 basis points rate hike this week, nearly one in four Sydney vendors pulled their homes from auction. But clearance rates are soooo impressive (on the ones not pulled).
Source: FinancialReview - 🏆 2. / 90 Read more »

The apartments were completely unliveable just two years ago! See the before and after. 👀👇
Source: dailytelegraph - 🏆 21. / 51 Read more »

Taxpayers to give super funds a $575m leg-up into affordable housingThe government will make money from the National Housing Infrastructure Facility available for investment in affordable housing. None of that makes any sense!!! Not their money it belongs to the workers, the funds are supposed to invest where it will get the best and most secure return it is not their to prop up governments, members of these super funds should be very worried it is a money losing venture The tenants are addicts n dysfunctional families They r behind in rents
Source: FinancialReview - 🏆 2. / 90 Read more »