The latest monthly data on Queensland home values has confirmed what buyers already know — prices are booming.
- This month marks the sharpest monthly increase in Brisbane house prices since 2007
- Experts say the rise is due to low mortgage rates and a shortage of housing stock
- Demographers say net interstate migration to Queensland is the highest it has been in 20 years
Figures released by property analysts CoreLogic showed prices grew in almost every region of Queensland in February.
Across Brisbane, prices rose by 1.5 per cent in one month, taking annual growth to 5 per cent.
The February increase is the steepest rise since November 2007, when the monthly growth rate was 1.72 per cent.
In Brisbane’s east, house prices went up by…