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Inala houses the cheapest among 35 suburbs priced under the $500,000 Brisbane median: REIQ

By Larry Schlesinger
Monday, 20 August 2012

Inala, a multicultural suburb 18 kilometres south west of the Brisbane CBD, had the cheapest median sale price of $277,000 over the June quarter, according to Real Estate Institute of Queensland (REIQ) house price data.

Inala house prices increased by 1.8% over the June quarter, but are down 5.9% over the past 12 months, when the median price was $295,000.

It is one of 35 suburbs that recorded a median sale prices below the $500,000 median for Brisbane houses, according to REIQ:

The 35 suburbs are: 

Locality Median Sale Jun12 Qtrly change 1yr change
BRISBANE CITY (LGA) $   500,000 -1.0% -4.7%
ACACIA RIDGE $   315,000 3.3% -2.8%
ALGESTER $   400,000 0.6% -1.4%
BALD HILLS ~ $   336,000 -9.8% -9.3%
BANYO $   385,000 1.4% -0.7%
BOONDALL $   405,000 -0.2% -3.0%
BRACKEN RIDGE ~ $   385,000 -11.2% -0.4%
BRIGHTON $   385,000 2.1% -1.9%
CARINA $   493,750 1.8% -3.0%
CHERMSIDE WEST $   426,000 -1.5% -5.4%
COOPERS PLAINS $   373,250 0.6% -11.6%
DARRA ~ $   324,000 -15.8% 0.0%
DOOLANDELLA * ~ $   433,000 25.5% -13.7%
DREWVALE ~ $   432,500 -10.0% -10.0%
EVERTON PARK $   450,000 2.7% -6.8%
FITZGIBBON $   385,250 -1.7% -6.1%
FOREST LAKE $   357,500 -2.1% -3.7%
GEEBUNG ~ $   404,000 -1.5% -4.3%
INALA $   276,500 1.8% -5.9%
KEPERRA $   392,500 -3.1% -8.0%
LOTA ~ $   424,000 -17.7% 8.0%
MANSFIELD $   476,250 7.6% -9.6%
MITCHELTON $   460,000 0.0% -9.1%
MOOROOKA $   469,250 -2.7% -6.2%
MOUNT GRAVATT EAST $   454,000 3.4% -3.3%
OXLEY $   379,000 -5.3% -5.4%
PARKINSON ~ $   455,000 -9.3% -3.3%
RUNCORN $   440,500 7.4% 2.0%
SALISBURY $   390,000 -9.3% -5.8%
STAFFORD ~ $   465,500 7.0% -6.4%
STAFFORD HEIGHTS $   437,000 2.8% -5.8%
SUNNYBANK HILLS ~ $   474,500 13.5% -1.1%
TINGALPA $   422,000 2.9% -4.2%
UPPER MOUNT GRAVATT $   460,000 2.3% 1.1%
WAVELL HEIGHTS $   486,000 -2.8% -9.3%
WYNNUM WEST $   415,000 1.6% -4.4%

Source: REIQ

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