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Brisbane Housing Market Update [Video] – August 2017

The latest housing market results highlight the diversity of housing market conditions, with dwelling values down over the month in Brisbane (-0.6%).

Brisbane’s housing market has continued along a surprisingly weak trajectory, with dwelling values slipping by 0.6 percent over the month and rising by only 2.2 percent over the past year. 

graphic-brisb-new

With annual growth only slightly higher than inflation and wages growth, Brisbane’s housing market remains affordable relative to the larger capital cities, and rental yields are substantially higher than what’s being achieved in Sydney and Melbourne.

With interstate migration now ramping up and the labour market improving, we may start to see the Brisbane housing market experience an improved rate of capital gain over the second half of 2017.

Rental Yields

YOU MAY ALSO BE INTERESTED IN READING:

Sydney Housing Market Update [Video] – August 2017



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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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