Brisbane's annual median house price hit a new record of $670,000 over the March quarter, according to the REIQ. The REIQ’s March quarter Queensland Market Monitor found that against a backdrop of cooling southern markets and falling listings volumes, Brisbane house sales demonstrated “admirable” resilience, buoyed by steady population growth driving demand and underpinned by good economic fundamentals. “In this market, we could potentially see a rise in off-market sales as eager buyers pressure sales agents to see the property before it hits the market,” the manager said. [ 1,538 more word ]

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