Coast one of Queensland leaders for house price growth

TAKE THAT Brisbane - new data shows the Coast has the second highest growth in housing prices, beating our metro neighbour by nearly 1 per cent.

The Sunshine Coast has second highest house price growth in the state. Picture: Andy Dean Photography

TAKE THAT, Brisbane - new data shows that the Coast has the second highest growth in housing prices, beating our metro neighbour by nearly 1 per cent.

The Gold Coast has outpaced the rest of Queensland, recording the highest growth in housing prices according to the latest figures from NAB and CoreLogic RP Data.

The latest Housing Market Report shows house price growth on the Gold Coast over a 12 month period to November 2016 was 5.6 per cent, with the bulk of positive growth concentrated in South Eastern Queensland.

The Sunshine Coast was second on the list, sitting at 4.5 per cent.

Growth in the state's capital over the 12 months to December was slightly lower, at 3.6per cent.

The report pairs findings from CoreLogic RP Data with NAB Economics' expectations for the market to help customers looking to enter the property market.

NAB General Manager of Retail for QLD, Paul Collins, said housing market conditions remained diverse across the state.

Change in home values over 12 months (%)

Gold Coast	5.6
Sunshine Coast	4.5
Brisbane	3.6
Wide Bay-Burnett	2
Far North	1.2
North West	-1.4
West Moreton	-1.5
Darling Downs	-1.8
South West	-3.7
Northern	-5
Fitzroy	-6.9
Mackay	-7.3
Central West	-9.7

"We've provided valuable, suburb-specific information to help our customers make more informed investment decisions," Mr Collins said.

"We understand that buying a home can be one of the biggest decisions in someone's life.

"We encourage customers to do their research and once they've found the right home for them, have a discussion with us about which home loan might best suit their needs.

"Our bankers are always available for existing home loan customers to talk through their finance options."

NAB Senior Economist James Glenn said the Brisbane property market has underperformed somewhat relative to the other major eastern capital cities.

"Demand conditions appear to have steadied, but that will probably not be enough to counter the mounting risks on the supply side, meaning prices are likely to be flattish for some time," Mr Glenn said.

"NAB Economics is expecting house prices in Brisbane to grow by a further 1.7per cent in 2017, while apartments are forecast to see a decline of around 1.8per cent as the new supply of apartments weigh on the market."

Check out the latest property insights here.

Originally published as Coast one of Queensland leaders for house price growth