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While falls on the Australian share market have wiped out the gains of the past 15 months, the real estate boom continues to reach new highs.

 

Housing values grew by 20% during 2007, ending the year with a median price of $425,368. Experts say population growth and a robust economy drove the spending spree.

 

Prices are tipped to grow similiarly this year. REIQ managing director Dan Molloy says strong sales were partly due to the continued migration of people from interstate and overseas.

 

The Property Wealth Forum has the knowledge and strategies to build wealth through property investing, and runs free workshops throughout Brisbane.