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Changes in interest rates driven by Treasury buyback programs can have significant implications for the real estate market. Lower borrowing costs resulting from reduced bond yields may stimulate demand for mortgages, potentially boosting home sales and prices.
In an extraordinary leap, Brisbane's median home price has soared past $800,000 for the first time, marking a historical milestone after 15 months of consistent gains. PropTrack's latest Home Price Index highlights a significant 0.41 percent rise in March alone, pushing the median price to $801,000—just shy of Melbourne's. This remarkable growth, over 63 percent since the pandemic's start, positions Brisbane as a formidable contender in Australia's real estate market, with its median house price now reaching $895,000