The REIQ recently reported the latest housing market statistics which showed both Chelmer and Graceville nearing the $1 million mark. Chelmer house median price is at $980,000, down -6.8% over the last 12 months but up 3.4% over the last 5 years. In the 2nd quarter of 2018, there were 6 homes sold in the suburb.
Neighbouring suburb Graceville saw average home value increasing to $932,500, up by 13% over the last 12 months and 29.1% in 5 years. During the 2nd quarter of 2018, there were 17 houses sold in the suburb.
Further down south, houses are relatively more affordable, with Oxley median sale at $580,000, an increase of 8% from last year and 32.1% over the last 5 years. Twenty-one sales were made during the 2nd quarter of 2018.
