Property Boom in Brisbane


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Reading some information on the Property Boom in Brisbane today, January 2010, I saw some information on the median house prices over the last 40 years.

These Brisbane median house prices figures were quoted:

  • 1970 $ 9,910
  • 1980 $ 35,450
  • 1990 $118,000
  • 2000 $173,000
  • 2009 $450,000

I did a quick calculation and saw that to get from $9,910 in 1970 up to $450,000 in 2009, you needed an average year on year increase of 10.01%

This is based on these calculations

Year Start $ 10.01% Growth $ End of year
1970 $ 9,910.00 $ 991.99 $10,901.99
1971 $10,901.99 $1,091.29 $11,993.28
1972 $11,993.28 $1,200.53 $13,193.81
1973 $13,193.81 $1,320.70 $14,514.51
1974 $14,514.51 $1,452.90 $15,967.41
1975 $15,967.41 $1,598.34 $17,565.75
1976 $17,565.75 $1,758.33 $19,324.08
1977 $19,324.08 $1,934.34 $21,258.42
1978 $21,258.42 $2,127.97 $23,386.39
1979 $23,386.39 $2,340.98 $25,727.36
1980 $25,727.36 $2,575.31 $28,302.67
1981 $28,302.67 $2,833.10 $31,135.77
1982 $31,135.77 $3,116.69 $34,252.46
1983 $34,252.46 $3,428.67 $37,681.13
1984 $37,681.13 $3,771.88 $41,453.02
1985 $41,453.02 $4,149.45 $45,602.46
1986 $45,602.46 $4,564.81 $50,167.27
1987 $50,167.27 $5,021.74 $55,189.01
1988 $55,189.01 $5,524.42 $60,713.43
1989 $60,713.43 $6,077.41 $66,790.85
1990 $66,790.85 $6,685.76 $73,476.61
1991 $73,476.61 $7,355.01 $80,831.62
1992 $80,831.62 $8,091.25 $88,922.86
1993 $88,922.86 $8,901.18 $97,824.04
1994 $97,824.04 $9,792.19 $107,616.23
1995 $107,616.23 $10,772.38 $118,388.61
1996 $118,388.61 $11,850.70 $130,239.31
1997 $130,239.31 $13,036.96 $143,276.27
1998 $143,276.27 $14,341.95 $157,618.22
1999 $157,618.22 $15,777.58 $173,395.81
2000 $173,395.81 $17,356.92 $190,752.73
2001 $190,752.73 $19,094.35 $209,847.08
2002 $209,847.08 $21,005.69 $230,852.77
2003 $230,852.77 $23,108.36 $253,961.13
2004 $253,961.13 $25,421.51 $279,382.64
2005 $279,382.64 $27,966.20 $307,348.84
2006 $307,348.84 $30,765.62 $338,114.46
2007 $338,114.46 $33,845.26 $371,959.72
2008 $371,959.72 $37,233.17 $409,192.89
2009 $409,192.89 $40,960.21 $450,153.10

But also remember, how did the average house in 1970 compare to the average house in 2009…
Would it still be 3 bedrooms with single garage ?


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References: blogs.abc.net.au/queensland/files/JOHNSTON_DIXON_Report.pdf

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