In the unit market Noosa’s median unit value of $1.4 million was followed by Byron and then Main Beach at $1.229 million. Sunshine Beach came in at number four with a median value of $1.2 million.

In the capital city housing market, Sydney dominated with Vaucluse taking out number one with a median value of $7.9 million and biggest gains for the year were all in Adelaide and the biggest declines were all in Sydney.

In the unit market, Surfers Paradise recorded $1.2 billion in sales for the year.

Greater Brisbane dominated the market for the biggest increase in rents, but most of the focus was Ipswich. Woodend’s rents jumped 23 per cent in the year followed by Kairabah, Ipswich, Sadliers Crossing and Fernvale.

Brisbane also dominated the capital’s most affordable units with Kooralbyn at number two at $202,000 followed by Goodna, Logan and Woodridge.

Queensland’s best sale for the year was at 28 Arakoon Crecent at Sunshine Beach, which sold for $28.5 million. A near neighbour at number 4 went for $21.5 million which just shaded a property at 159 Hedges Avenue at $21 million.

The state’s cheapest house was at Tara in the western downs, which had a median value of $146,000 while Gin Gin had the biggest house price growth of 33.5 per cent.

Fairfield in Brisbane took the prize for the state’s biggest fall in median value of 19.2 per cent.

CoreLogic said the year saw a declining investor interest, but there had been a “remarkable recovery” in rental yields during the year.

Nationally, gross rental yields rose by 50 basis points to 3.71 per cent.

It said first home buyer decisions could be triggered as house prices fell in many areas.