Brisbane Housing Market Update [Video] – September 2016

The Brisbane unit market is tracking much softer than detached housing with unit values falling by 0.4 percent of the past 12 months compared with a four point nine percent rise in house values. brisbane

New housing supplies been very much skewed towards apartments across the Brisbane region.

The third highest rate of capital gain over the cycle to date was in Brisbane at 18%.

The Brisbane housing market has struggled with value growth, the city continues to lag well behind.

The strong combined capital cities headline result masks the underlying movements associated with dwelling values which are trending differently from region-to-region and across the broad property types. 

Demonstrating the decrease in housing affordability, utilising household income data for the June quarter provided by the Australian National University, the household income to dwelling price ratio was 8.4 in Sydney and 7.2 in Melbourne, compared to 5.7 in the Brisbane property market.

At a combined capital’s level, house values rose by 7.2% over the past twelve months, compared with a 5.5% rise in unit values.

The trend for house value growth outperforming unit values is apparent across most of the capital cities, particularly in Brisbane, where concerns around inner city unit oversupply are mounting.

core3

House values by more than double the rate of units over the past year in each of Melbourne, Brisbane, Adelaide and Canberra.

You May also be interested in:

Sydney Housing Market Update [Video] – September 2016



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


'Brisbane Housing Market Update [Video] – September 2016' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*

0
0

Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...

REGISTER NOW

Subscribe!