LOCKYER VALLEY PRICE INCREASES

Above is a Suburb Report Card published last week by realestate.com for Gatton but I will summarise various areas that were also included by realestate.com in the Lockyer Valley below:

• Gatton increased 40.3% in the last 3 years and 15.6% in the last year;
• Plainland increased 55.9% in the last 3 years and 10.9% in the last year;
• Laidley increased 47.1% in the last 3 years and 11.03% in the last year;
• Hatton Vale increased 60.1% in the last 3 years and 12.7% in the last year;
• Regency Downs increased 57.9% in the last 3 years and 11.6 in the last year;
• Kensington Grove increased 58.8% in the last 3 years and 14.2% in the last year.

So as the media keeps speculating that as the Reserve Bank will continue to increase interest rates and house prices will drop 10% or 15%, it is worth keeping in mind that around the Lockyer Valley that even if the prices drop, you will still be better off then you were 1 to 3 years ago.