Positives Return to the Residential Market Recent reports by RP Data found a drop in the number of homes listed for sale as well as a slow down in house price growth. However, a report by PRDNationwide found suburbs close to the Brisbane CBD were showing signs of recovery with Ascot topping the list for house price growth in Brisbane with a 64.1% increase in the median house price for the year to March 2010. St Lucia was close behind with 59.6% growth, followed by Hawthorne at 34.6%. Meanwhile, research by has found that around 14% of home buyers in Queensland will spend 10% or more above the asking price. The research found a large percentage of people believed rates would rise in the next three months, but they were still prepared to pay a premium. Brisbane residents have embraced apartment living with the number of owner-occupiers buying units in the inner-city jumping 25% in the past five years. While the number of owner-occupiers accounted for only 25% of apartment sales across i...