Brisbane Housing Market overview

Home values in Brisbane have recorded the third largest increase across capital cities over the 12 months to October 2014.

In this, the third part of an 8 part series from Core Logic’s Quarterly Review of the Australian Residential Property Market and Economy we look at the Brisbane Housing Market.

There has been a much greater lift in sales activity over the year signalling rising demand for housing and potentially further increases in home values over the coming months.

stats brisbane

Valueshouse on the sand

  • +1.3% over the quarter
  • +5.6% past 12 months
  • -0.1%pa last five years
  • +3.6%pa last ten years
  • +7.9%pa last 15 years
  • -3.3% lower than previous peak
  • +10.1% over the current growth phase

Annual sales volumes

  • 51,353 over year to August 2014
  • +19.5% over the year
  • Highest annual sales since Feb-10

Rents

  • +0.1% quarter
  • +1.3% over the year
  • +2.1%pa last five years

Yields

  • -0.1 percentage point over the quarter
  • -0.2 percentage points over the year

Selling time

  • +6 days over the quarter
  • No change over the year

Vendor discounting

  • -0.4 percentage points over the quarter
  • -0.3 percentage points over the year

 

graph brisbane

Read Part 1: Sydney Housing Market overview here

Read Part 2: Melbourne Housing Market here



Want more of this type of information?


Tim Lawless

About

Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au


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