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Brisbane sees fall in median house prices

Houses are a popular option for anyone approaching a real estate agent in Hawthorne and demand could soon be about to rise even further.

The September 2014 Quarterly House Price Report from the Domain Group pointed to a fall in median house prices, making property more affordable for buyers.

It was the first time since the June quarter of 2012 that a decline had been registered, with houses valued at 1.3 per cent less than they were during the previous three-month period.

The average house price in the city for the quarter now registers at $473,924, making Brisbane one of the country's more affordable capitals to buy in.

Sydney, on the other hand, saw its median house price hit $843,994 during the three months to September.

Units also became more affordable over the period in question and have declined 1.6 per cent quarter-on-quarter to reach a median value of $357,466.

Senior economist at the Domain Group Andrew Wilson explained how Brisbane had demonstrated signs of a "solid revival" in its housing market, but these latest figures indicate this may have stalled.

If you've had your eye on the property sector for a while, now could be the time to make your move as prices register a slight decline across the city.

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