The news of strong house price growth in Brighton over the past quarter has been welcomed by first home buyers Tom and Emma Rivers, who just bought a house in the suburb.The couple paid $520,000 for a four-bedroom, two-bathroom timber home with a pool and back deck.“The community feel, the fact it’s an established area, the lovely sea breeze and being close to the city was what did it for us,” Mr Rivers said. “We looked at Sandgate, but it was $150,000 to $200,000 too expensive for us, so we looked further north to Brighton and it was much more in our price range.” This house at 52 North Rd, Brighton, recently sold for $520,000. Top 10 Highest Valued Suburbs For Houses in Brisbane. Source: REIQ.And at the lower end of the market, some of Brisbane’s most affordable suburbs chalked up notable gains – Deagon’s median house price rose 5.7 per cent to $487,500, while Zillmere gained 4.9 per cent to $484,750.The city’s apartment market is still suffering from an oversupply hangover, with the median unit price falling 3.4 per cent over the past quarter to $425,000.Over the past year, the annual median unit price fell 2.2 per cent or $10,000, to $440,000. But it wasn’t all bad news.Seven suburbs in Brisbane LGA — Rochedale, Gordon Park, Northgate, Yeronga, Toowong, Newmarket and Red Hill — reported double-digit annual growth in median unit price in the range of 10 to 64 per cent. Brisbane’s median house price has hit a new record high of $675,000. Image: AAP/Darren England.BRISBANE’S median house price has hit an all-time high, recording slow and steady growth over the past year despite the downturn gripping the national housing market.The latest Real Estate Institute of Queensland Market Monitor, to be released today, reveals the city’s median house price increased 2.3 per cent in the past year to hit a record-breaking $675,000.Dubbed the nation’s “quiet achiever”, Brisbane house prices have grown almost 30 per cent in the past five years thanks to steady, sustainable growth, which has made it one of the most stable capital city markets in 2018. RELATED: Brisbane home prices to take off REIQ chief executive Antonia Mercorella. Photo: Claudia Baxter.Waterfront suburbs on the city’s north side recorded strong price growth over the past 12 months, with Sandgate’s median house price jumping 12.5 per cent, Shorncliffe up 7.2 per cent and Brighton’s median house price rising more than 11 per cent to $590,000.“Areas such as Brighton, which is affordably priced, and Sandgate, are becoming increasingly appealing,” Ms Mercorella said. “Houses are being renovated and achieving higher prices. “Brighton, in particular, is suffering from low stock levels and with growing demand from interstate investors — who have a bit of extra cash compared with locals — this is having the effect of pushing up prices slightly.” Among the top suburbs for house price growth in Brisbane’s northwest were Bardon, Brighton, Ashgrove, Wavell Heights, Bald Hills and Bridgeman Downs.Wynnum, Tarragindi, Eight Mile Plains, Mount Gravatt East and Manly West were among the top growth suburbs in Brisbane’s southeast.REIQ chief executive Antonia Mercorella said Brisbane’s affordability, climate, infrastructure and liveability would continue to help its housing market.“The city is undergoing dramatic change as more than $17 billion in spending on 10 major projects propels us into world-city status,” Ms Mercorella said. “Much-needed transport projects such as the Cross River Rail and Brisbane Metro will bring suburbs closer to the city and boost property prices on both sides of the river.” Top Growth Suburbs for Houses in Brisbane. Source: REIQ.On the city’s outskirts, house prices grew the most in the Redlands and Moreton Bay — both up 3.3 per cent in the past 12 months — while Ipswich was the most affordable with a median house price of $345,000. The most popular price range for houses in the Brisbane LGA is $500,000 to $750,000, with sales in this range representing nearly half of all house sales over the past year.Brisbane has 15 suburbs in the million dollar-plus club, but is yet to break through the $2 million median barrier.Teneriffe tops the list with a median house price of $1.79 million, followed closely by New Farm ($1.61 million). The back deck and pool at the house at 52 North Rd, Brighton.More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours agoAgent Carl Calio of Calio & Scott Real Estate – Brighton said he believed the bayside suburb had “always been underrated”.“We’re the last Brisbane City Council suburb before you go over the bridge to Redcliffe,” Mr Calio said.“Improvements to the Shorncliffe pier has helped, and transport access to the city and airport is good.“Being an older area, the older folk are going to aged care or, unfortunately, passing and the young people are coming in and renovating.” MORE: North vs south: Which is more liveable? Top 5 Growth Suburbs for Units in Brisbane. Source: REIQ.And compared to five years ago, the median unit price is 5.5 per cent higher than it was in September 2013.
Ranchi: Star sprinter Dutee Chand smashed her own national record, clocking 11.22 seconds in the women’s 100m semifinals on her way to the gold medal at the 59th National Open Athletics Championships in Ranchi on Friday. A fortnight after failing to reach 100m semis at the World Championships in Doha, the 23-year-old surpassed her previous timing of 11.26s which she had set at the Asian Championships in April this year.While she had equalled Rachita Mistry’s 11.26-second effort at the Asian Championship, Dutee’s time of 11.22 seconds in the semifinals on Friday finally gave her the sole ownership of the National record.Dutee later clocked 11.25 seconds in the final to claim the gold, leaving Archana Suseendran and Himashree Roy in the wake.At Doha, she had managed 11.48 to finish a disappointing seventh in her heats.”A couple of days ago, I had the wrong belief that my body was tired at the end of the season. I recovered well to be able to break the last national mark twice this evening,” Dutee said.Her state-mate Amiya Kumar Malik, who has been struggling to find his rhythm the whole season, won the bragging rights as the fastest man in the National Open.He won the men’s 100m in 10.46 seconds, breaking the beam a hundredth of a second ahead of Malaysia’s Jonathan AnakNyepa.Gurindervir Singh (Punjab) emerged as the winner of the bronze medal by a margin of 0.0044 seconds from his team-mate Harjit Singh.MP Jabir (AFI) rewrote the men’s 400m hurdles meet record, winning the final in 49.41 seconds.He improved on the mark of 49.67 seconds set by Ayyasamy Dharun (Tamil Nadu) last year.Dharun himself, running only his third hurdles race since recovering from an injury, will be pleased that he clocked 49.50 seconds for the second place, leaving T Santhosh Kumar (Services) in the third place.Earlier, in a close finish, Haryana’s Rahul Rohilla, 23, won the men’s 20m race walking ahead of the more seasoned K Ganapathi (AFI) and Sandeep Kumar (Services).The Group B winner of the event in the National Race Walking Championship in Chennai in February, he finished on top of a better field this time.There was some positive news for long jumper M Sreeshankar who leapt to 7.93m to lead the 12 qualifiers for the final.Also Read | Couldn’t train properly for a while after coming out of closet: Dutee Chand For all the Latest Sports News News, Other Sports News, Download News Nation Android and iOS Mobile Apps.