The Brisbane housing market is continuous trend of relatively sedate conditions with house values unchanged over the September quarter.
Brisbane’s dwelling values also slipped lower over the quarter falling by a marginal 0.3%, attributable mostly to larger declines across the unit sector.
CoreLogic estimates show settled transaction numbers have levelled over the most recent three months, however, at just under 110,000 settled transactions, sale numbers are down 5.3% compared with the June quarter and are 15.0% lower than the September quarter last year.
At face value, the lower transaction numbers suggest a slowdown in housing demand, however the reasons for fewer dwelling sales are likely to differ from region-to-region.
While unit values were down by one-point-three percent over the past 12 months Brisbane dwelling values have increased by three percent which is the lowest pace of annual growth across the capitals
The other performance of the Brisbane housing market compared with Sydney and Melbourne does have a silver lining with affordability constraints much less of an issue in this marketplace and rental yield substantially higher compared with the larger capital cities.
Overall the headline readings from the housing market remains strong dwelling values continue to rise across most capital cities.