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The best time to start is when you can. There is never a perfect time to start but you must start sometime.
You can't do all
of your buying the day before the boom. In reality
you must gradually acquire as many as you comfortably
can before the boom.
| BRISBANE Median Sale Price Houses 1970 - 2005 |
| Year |
Land Use |
Volume |
No. of Sales |
Median Sale |
% Change Over Year |
| 1970 |
HOUSES |
$1,127,755
|
109
|
$9,910
|
- |
| 1971 |
HOUSES |
$6,085,177 |
469 |
$11,500 |
16.0% |
| 1972 |
HOUSES |
$12,994,390 |
821 |
$14,000 |
21.7% |
| 1973 |
HOUSES |
$23,450,246 |
1085 |
$20,000 |
42.9% |
| 1974 |
HOUSES |
$27,216,564 |
1160 |
$22,047 |
10.2% |
| 1975 |
HOUSES |
$42,166,573 |
1565 |
$24,900 |
12.9% |
| 1976 |
HOUSES |
$48,867,187 |
1647 |
$27,500 |
10.4% |
| 1977 |
HOUSES |
$55,441,751 |
1690 |
$29,450 |
7.1% |
| 1978 |
HOUSES |
$60,860,756 |
1806 |
$30,500 |
3.6% |
| 1979 |
HOUSES |
$82,773,071 |
2348 |
$32,000 |
4.9% |
| 1980 |
HOUSES |
$120,599,361 |
2997 |
$35,450 |
10.6% |
| 1981 |
HOUSES |
$163,062,678 |
3260 |
$46,000 |
29.8% |
| 1982 |
HOUSES |
$149,678,945 |
2495 |
$55,000 |
19.6% |
| 1983 |
HOUSES |
$221,419,470 |
3513 |
$57,000 |
3.6% |
| 1984 |
HOUSES |
$283,178,482 |
4213 |
$60,500 |
6.1% |
| 1985 |
HOUSES |
$320,016,278 |
4582 |
$63,000 |
4.1% |
| 1986 |
HOUSES |
$303,786,419 |
4181 |
$64,000 |
1.6% |
| 1987 |
HOUSES |
$562,363,277 |
7277 |
$66,500 |
3.9% |
| 1988 |
HOUSES |
$989,460,986 |
10213 |
$83,000 |
24.8% |
| 1989 |
HOUSES |
$1,022,391,968 |
7991 |
$107,000 |
28.9% |
| 1990 |
HOUSES |
$1,243,885,829 |
9068 |
$118,000 |
10.3% |
| 1991 |
HOUSES |
$1,882,460,239 |
13173 |
$125,000 |
5.9% |
| 1992 |
HOUSES |
$2,384,261,125 |
15904 |
$132,000 |
6.0% |
| 1993 |
HOUSES |
$2,576,967,129 |
16259 |
$140,000 |
5.7% |
| 1994 |
HOUSES |
$2,519,750,739 |
15132 |
$147,000 |
5.0% |
| 1995 |
HOUSES |
$2,190,395,681 |
12645 |
$144,000 |
-2.0% |
| 1996 |
HOUSES |
$2,183,729,424 |
13329 |
$144,000 |
0.6% |
| 1997 |
HOUSES |
$2,853,019,246 |
16505 |
$150,000 |
3.5% |
| 1998 |
HOUSES |
$2,828,016,228 |
15902 |
$155,000 |
3.9% |
| 1999 |
HOUSES |
$3,507,917,925 |
18361 |
$162,000 |
4.5% |
| 2000 |
HOUSES |
$3,733,555,302 |
18358 |
$173,000 |
6.2% |
| 2001 |
HOUSES |
$5,461,113,977 |
23978 |
$195,000 |
12.7% |
| 2002 |
HOUSES |
$6,917,655,349 |
24017 |
$246,000 |
26.5% |
| 2003 |
HOUSES |
$8,234,165,049 |
23417 |
$314,000 |
27.3% |
| 2004 |
HOUSES |
$6,457,748,589 |
15855 |
$356,000 |
13.4% |
| 2005 |
HOUSES |
$7,441,423,142 |
18644 |
$385,000 |
8.1% |
Now the the median
house price is $434,000
Try to pick a "BAD" time to buy! |
