Brisbane remains one of the strongest housing markets around the country, but momentum is leaving the upswing. Dwelling values rose a further 0.7% in October to be 2.4% higher over the rolling quarter, and 13% higher over the year. Only Perth and Adelaide have recorded a higher annual growth rate.
The unit market continues to drive the strongest capital gains, with values increasing 1% in October, while house values rose by 0.7%. Similarly, the lower quartile of housing values has recorded a stronger growth outcome, with values up 3.9% over the past three months, while upper quartile values have increased by less than half that rate, up 1.8%.
Brisbane house prices graph
Source: CoreLogic
Rental conditions have levelled out over recent months, with Brisbane rents down 0.1% over the past three months.
You may also want to read: National Housing Market Update
- Also read:Everything you need to know about the state of Australia’s property markets in 20 charts – November 2024
- Also read:Why Property Investors Are Essential to Australia’s Housing Market | Property Insiders
- Also read:Adelaide housing market update [video] | November 2024
- Also read:This week’s Australian Property Market Update – Latest Data, State by State November 19th 2024
- Also read:Sydney’s Rental Market Trends and Forecasts
